Latest news with #GovernmenteMarketplace
Mint
08-08-2025
- Business
- Mint
Government e Marketplace records ₹5.4 trillion in gross merchandise value in FY25
New Delhi: The Government e Marketplace (GeM) marked its ninth Foundation Day this month with a record ₹ 5.4 trillion in gross merchandise value (GMV) in FY25, cementing its position as India's flagship public procurement platform, the commerce ministry said on Friday. GeM crossed ₹ 4 trillion in GMV in FY24. Since its launch, GeM has onboarded 150,000 women-led enterprises along with startups, self-help groups (SHGs), artisans and micro and small enterprises (MSEs), the ministry said. Started in 2016 to drive transparent, efficient and inclusive procurement, GeM has become a digital bridge linking women entrepreneurs, startups, MSEs, artisans, self-help groups and persons with disabilities with government buyers across the country. GeM has introduced technology-driven processes for faster, more cost-effective transactions, expanded into new service verticals such as insurance, manpower and mine development & operations, and provided training and onboarding support to state governments, public sector undertakings and local bodies, it added. 'These reforms demonstrate our intent to make GeM even more inclusive and accessible,' said Mihir Kumar, chief executive officer of GeM. 'Our focus remains on ensuring every enterprise, from tribal artisans to tech-driven startups, can easily access public procurement opportunities." GeM offers sellers direct access to all government departments, creating a single platform for marketing and bidding with minimal effort. Sellers benefit from dynamic pricing linked to market conditions, freedom from rigid product specifications, and assured, time-bound payments, with interest provisions for delays, alongside a dashboard to track sales, supplies and receivables. For buyers, GeM ensures transparency by eliminating the human interface in procurement, while offering an intuitive dashboard to search, compare and purchase goods and services, monitor deliveries, and track payments. Features such as direct purchase options for smaller orders, bidding and reverse auction tools for larger contracts, online grievance redressal and integration with payment systems make the process faster, fairer and fully digital.
News18
08-08-2025
- Business
- News18
GeM celebrates nine years of transforming public procurement in India
New Delhi [India], August 8 (ANI): Government e Marketplace (GeM) has marked its 9th Foundation Day, celebrating nearly a decade of transforming public procurement in India. Launched in August 2016, GeM has evolved into a cornerstone of transparent, inclusive and efficient governance, delivering on the Prime Minister's vision of 'Minimum Government, Maximum Governance." In just nine years, GeM has become India's most trusted digital procurement platform, empowering sellers and service providers across the nation, including women entrepreneurs, startups, MSEs, artisans, SHGs and Divyangjans. With Rs 5.4 lakh crore in gross merchandise value (GMV) in 2024-25 alone, GeM has not only streamlined procurement but redefined access, equity and empowerment in year's Foundation Day celebrations centre around the theme Ease, Access, and Inclusion, underscoring GeM's continued commitment to making public procurement more accessible and equitable. Key reforms introduced include the elimination of caution money for sellers, rationalisation of vendor assessment fees, and a significant reduction in transaction charges, resulting in 97 per cent of orders being exempt. These initiatives are supported by stronger assistance for first-time sellers and small enterprises. Together, they strengthen GeM's identity as an inclusive platform. GeM connects even remote and underserved entrepreneurs to government buyers. It brings them into the mainstream procurement system. GeM truly celebrates inclusivity in every sense.'These reforms demonstrate our intent to make GeM even more inclusive and accessible," said Mihir Kumar, CEO, GeM. 'Our focus remains on ensuring every enterprise, from tribal artisans to tech-driven startups, can easily access public procurement opportunities."A GeM Seller Samvad event held on August 6, 2025, at the GeM office in New Delhi brought together a dynamic cross-section of India's entrepreneurial ecosystem to mark GeM's 9 Years of celebrations. GeM Manthan, a collaborative dialogue programme that turns ideas into actionable pathways for a more inclusive and future-ready procurement ecosystem, was also held at GeM premises. From enabling paperless, real-time transactions to facilitating multi-crore contracts in health, mining and insurance, GeM has bridged the divide between policymaking and grassroots participation. As it steps into its 10th year, GeM officials vow they remain committed to transforming public procurement into a citizen-centric, data-driven and inclusive ecosystem.'GeM has become the backbone of India's procurement landscape, merging transparency with transformation," said the CEO of GeM. 'This 9th Foundation Day is not just a celebration of numbers, but of people, those who make governance more accessible, inclusive and impactful." (ANI)
United News of India
09-06-2025
- Health
- United News of India
Emergency surgeries stopped at country's prestigious Sree Chitra Institute
Thiruvananthapuram, June 9 (UNI) Several emergency surgeries were stopped indefinitely due to a shortage of equipment at the country's prestigious 'Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST). Surgeries in the Interventional Radiology department were stopped for the last few days as the patients admitted for emergency surgeries have also been discharged, sources told UNI. The companies supplying equipment say that they are not able to supply it at the old rate following the increase in price of foreign-made surgical equipment. Sree Chithira purchases surgical equipment only through the Government e Marketplace (GeM) Portal as per the Central Government's instructions. There is also a serious allegation that an unholy nexus between the supply companies demanding a price hike of surgical equipment and a top few in the Institute led to the current crisis. UNI DS ARN
