Based on the recommendations of the Group of Secretaries made to Hon’ble Prime Minister, the Government decided that GeM SPV will create a one stop Government e-Marketplace (GeM) to facilitate online procurement of common use Goods & Services required by various Government Departments / Organizations / PSUs. It’s an online e-procurement portal for Government users to facilitate seamless process flow, standardize specifications and complete audit trail. It works on market based generic requirements across all government agencies.
GeM aims to enhance transparency, efficiency and speed in public procurement. It provides the tools of e-bidding, reverse e-auction and demand aggregation to facilitate the government users, achieve the best value for their money.
Government of India (Allocation of Business) Rules, 1961, vide notification dated 8th December 2017 has made the following entry “32.Development, operation and maintenance of National Public Procurement Portal—Government e-Marketplace”. The unique standardization of specifications of both products & services enable empirical price comparability.Highlighting Features of Government e-Market:
Transparency: GeM to a great extent reduces the human involvement in procurement process which includes vendor/buyer registration, order placement & payment process. It performs as an open platform to all kind of vendors for doing business with government without any kind of restricting barriers.
Efficiency: Direct purchase on GeM can be done in a matter of minutes and the entire process in online, end to end integrated and with online tools for assessing price reasonability. For procurements of higher value, the bidding/RA facility on GeM is among the most transparent and efficient. GeM bidding/RA ensures competition, fair play, speed & efficiency and leads to proper price discovery. The reasonableness of the rates can also be confirmed through online comparison with market price on leading e-Commerce portals.
Secure & Safe: GeM is a completely secure platform and all the documents on GeM are e-Signed at various stages by the buyers and sellers. The antecedents of the suppliers are verified online and automatically through MCA21, Aadhar and PAN databases. To further strengthen due diligence about the veracity of suppliers credit ratings have been introduced which are widely based at past performance analytics & financial liquidity of the suppliers.
Make in India Support: On GeM, the filters for selecting goods which are Preferential Market Access (PMA) compliant and those manufactured by Small Scale Industries(SSI), enables the Government buyers to procure Make in India and SSI goods very easily.
Cost Efficiency To The Government: The transparency, efficiency and ease of use of the GeM portal has resulted in a substantial reduction in prices on GeM, in comparison to the tender, Rate Contract and direct purchase rates.
These features serve as great drivers to facilitate procurements on GeM(Government e-Market) than through other traditional platforms.
To facilitate the procurement process for our government customers, Globus Infocom has also placed it’s extremely reasonable priced and Feature Rich “Value for Money” “ENTERPRISE SERIES” of Products/solutions on GeM (Government e-Market)which is equipped to meet the requirements of various category of Government Buyers & Users. It not only gives ease of access & simplified process to buy our complete range of products online but also offers the competitive price edge to the buyer community.
GeM not only provides the benefit of paperless, cashless and system driven e-market place procurement but it also offers many more advantages which make it the perfect choice for buyers.GeM Features & Advantages for Buyers:
- Powerful search engine
- Price comparison using third party sites- multi source & real time
- Market based bundling & bunching of products & services
- Multi cart functionality
- Rich listing of products for individual categories of Goods/Services
- Search, Compare, Select & Buy facility
- Buying Goods & Services online, as and when required
- Transparent & ease of buying
- Online vendor assessment
- User-Friendly dash board for buying & monitoring supplies & payments
- Easy return policies
The purchases through GeM by Government users have been authorized and made mandatory by Ministry of Finance by adding a new Rule No. 149 in the General Financial Rules, 2017. Till date 17 states have signed an MoU to be a part of the GeM.
The buyers can easily log into www.gem.gov.in, register themselves & browse through our latest range of products & solutions available on unbelievable prices.