In a recent statement, Union Minister Piyush Goyal announced a remarkable 10x growth in procurement through the Government e-Marketplace (GeM) over the past three years. GeM is an innovative online platform launched by the Indian government to facilitate transparent and efficient procurement of goods and services for various government departments and organizations. This exponential growth showcases the tremendous success and widespread adoption of GeM in streamlining government procurement processes.
Union Minister Piyush Goyal lauded the Government e-Marketplace (GeM) for its outstanding performance, revealing a staggering 10-fold increase in procurement over the past three years. This commendable growth highlights the significant impact of the digital platform on revolutionizing the way the Indian government procures goods and services.
GeM, launched in 2016, serves as a single-window online marketplace for government buyers to acquire a wide range of products and services. It provides a transparent and efficient procurement process, enabling government departments and organizations to connect with registered sellers and negotiate competitive prices. GeM’s user-friendly interface and robust infrastructure have led to its widespread adoption among various government entities.
The Union Minister emphasized that GeM’s success is a testament to the government’s commitment to promoting transparency, efficiency, and accountability in procurement procedures. With its user-centric design and advanced features, GeM has significantly reduced bureaucratic red tape, streamlined processes, and eliminated intermediaries, resulting in substantial cost savings and faster delivery of goods and services.
The exponential growth in GeM’s procurement can be attributed to several factors. First and foremost is the increased awareness and participation of government buyers and sellers on the platform. Through extensive training programs and outreach initiatives, GeM has successfully encouraged government departments to utilize the platform and leverage its benefits. Similarly, GeM has attracted a diverse pool of registered sellers, including micro, small, and medium enterprises (MSMEs), which has fostered a competitive marketplace and facilitated a more inclusive procurement ecosystem.
Moreover, GeM has continually evolved and enhanced its offerings to meet the evolving needs of government buyers. The platform has introduced innovative features such as the GeM Pool Account, where buyers can pool their requirements and make bulk purchases, resulting in significant cost savings. Additionally, GeM has incorporated advanced analytics and artificial intelligence capabilities to provide valuable insights to buyers, helping them make informed procurement decisions.
The success of GeM has also contributed to the government’s broader digital transformation agenda. It aligns with the vision of a Digital India, where technology is leveraged to enhance governance, transparency, and efficiency. GeM’s achievements have garnered attention at the national and international levels, with several countries expressing interest in adopting similar e-marketplace models.
Looking ahead, the Union Minister emphasized the government’s commitment to further strengthening GeM and expanding its reach. Efforts are underway to onboard more sellers and buyers onto the platform, particularly from rural and remote areas. GeM’s expansion will not only fuel economic growth by empowering MSMEs but also contribute to the government’s goal of building a self-reliant India.
In conclusion, the exponential 10x growth in procurement through the Government e-Marketplace in the last three years showcases the platform’s immense success and impact on transforming government procurement processes in India. GeM’s user-friendly interface, transparency, and cost-saving features have revolutionized the way government entities procure goods and services. As GeM continues to evolve and expand, it will play a pivotal role in achieving the government’s vision of a digital and self-reliant India.
