About Government e Marketplace:
- It is India’s national public procurement portal launched in 2016 by the Ministry of Commerce & Industry.
- It enhances transparency, efficiency and inclusivity in procurement.
- It is the portal for procurement of goods and services for all Central Government and State Government Ministries, Departments, Public Sector Units (PSUs) and affiliated.
- Features
- It is a fully digital, cashless and system-driven platform that offers an end-to-end solution for all government buyers and sellers.
- It uses AI-powered tools and a multilingual Learning Management System (LMS) to facilitate access to public procurement.
- It also features voice-enabled navigation and region-specific training modules that support onboarding and transactions for sellers, including those in remote and underserved areas.
- Objectives of GeM Portal:
- To increase efficiency, transparency and speed in public procurement
- To provide multiple modes of procurement like direct purchase; bidding with reverse e-auction; e-bidding and direct reverse auction.
- To make ministries/ government departments to mandatorily procure goods and services from the portal
- To enable efficient price discovery; economies of scale and dissemination of best practices
