Saturday 20th of April 2019 05:15:21 AM Agra
New Delhi-Government e Marketplace (GeM), the national public procurement portal offering end to end solution for all procurement needs of Central and State govt. departments and PSUs has closed the FY 2018-19 on a high note. The year witnessed a four-fold increase in total value of transactions on the portal and doubling of number of sellers in the marketplace. There has also been an overall growth in other dimensions like number of categories, products and buyers.Despite such phenomenal growth in transactions, average rejection rate of supplies remained below one percent, which is proof of high quality of products,services offered on the portal. Since its inception on 9th August 2016,GeM has transformed public procurement in the country by leveraging technology and making procurement contactless, paperless, and cashless. GeM facilitates procurement at the right price, right quality and right quantity in a transparent and efficient manner. The platform reduces manual process inefficiencies and human interventions in procurement and enables increased coverage, access, and efficiency of faceless standardised public procurement.