GeM transactions to touch $100 billion in 3 years

Transactions on the Government eMarketplace (GeM) is expected to reach Rs710,000 crore (about $100 billion) over the next three years from the current levels of around Rs11,250 crore, with increasing awareness of digital transaction and the transparency it provides, union minister of commerce and industry and civil aviation, Suresh Prabhu, said while launching the National Mission on GeM in New Delhi today. 

Government eMarketplace (GeM) is the national public procurement portal offering an online, end-to-end, solution for procurement of common use goods and services by government departments. GeM provides an open, inclusive, transparent and efficient online marketplace, which provides huge savings to government. It is mandatory for central government departments to procure through GeM. 25 states and union territories have signed MoU with GeM to adopt it as the mandatory mode of procurement for their departments so far. 
Prabhu said the mission will make efforts to bring more self-help groups, artisans and start-ups on this platform. 
The central and state governments along with banks and PSUs will undertake the national drive from 6 September to 17 October 2018 by organising workshops, roadshow, trainings, events and other information, education and communication activities, including buyer and seller registration, he said.
The National Mission will cover all central government departments, states and public sector undertakings in a mission mode. It is aimed at creating awareness about GeM, train the buyers and sellers, get them registered in GeM and increase the procurement through GeM.
The aim of this mission is to promote inclusiveness by empowering various categories of sellers and service providers such as MSMEs, start-ups, domestic manufacturers, women entrepreneurs, and self-help groups. It will also highlight the need of value addition via transparency and efficiency in public procurement, including corruption-free governance, in sync with the central government’s objective of ‘Minimum Government, Maximum Governance’. 
The mission also aims to give a boost to cashless, contactless, paperless transactions in line with Digital India objectives. It will improve overall efficiency and result in significant savings in government procurement spends while also maximising easy availability of all types of products and services procured by government buyers via registration drives for existing vendors, further expanding the base of online products and services.
Widespread training initiatives will be undertaken across the country, ensuring on-boarded buyers and sellers are aware of all GeM features, the minister said.
GeM deploys technology to completely automate procurement processes and systems, introducing greater accountability in public procurement across India.  In two years of its operations, GeM has recorded more than 7.25 lakh transactions worth over Rs11,250 crore and established itself as an open, transparent, efficient and inclusive platform providing huge savings to the government. The portal has nearly 27,000 buyer organisations registered and about 1.37 lakh sellers and service providers offering more than 4.65 lakh products and services for online purchase and contributes to approximately 20-25 per cent average overall savings to the government, says a government release.