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Government E-marketplace (GeM): Transforming Business

Government E-marketplace (GeM) Transforming Business | Karo Startup | Inspiring Startup Stories
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As we all are moving towards accepting the norms of social distancing, the biggest problem in front of the business is to resume the activities. To fill this gap, technology acts as a key bridge for small as well as large organizations to keep them moving.

The Government of India has come forward and taken the responsibility by launching an initiative under the “Digital India” drive names as Government E-Marketplace (GeM).

GeM Samvaad program involves local sellers across the country to facilitate on-boarding of local sellers on the marketplace. It promotes the growth and expansion of the Micro, Small and Medium Enterprises.

What is GeM?

GeM is an online marketplace launched by the Government to facilitate procurement of goods and services by various Ministries and Government agencies.

Suppose you are a seller of stationery and office equipment and you want to sell the products to the government. After authorization, you can sell your products directly to the government and they will pay you online.

The Government e-marketplace (GeM) is an online platform for Government officials and agencies to buy products and services from an online marketplace.

This platform summarizes the market at large: multiple suppliers and buyers, diverse products with dynamic competition. It allows the government to centralize its account management, compliance procedures and speed management.

Benefits of GeM platform

  • There is no entry barrier. Authentic sellers who want to sell their product to the government can register on the portal and see the listings of products on a real-time basis.
  • It offers transparency and end to end security, where technology plays an important role. This platform helps businesses right from registration to final payment by keeping the process transparent—a speedy query portal to solve your query. Direct purchases can be made within a minute as the whole process is online. The platform is well secured with all documents and e-signed at various stages from both buying and selling parties.
  • They have tools like e-bidding, reverse e-auction, and more so that the government users can get value for their money, hence maintain the quality of bids and order fulfillment.
  • It provides hygiene checks at various stages, such as requirements, bids and procurement processes, etc. It maintains the norms and standards of supply. It also enables buyers to have a variety of options.

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