GeM Current Affairs - 2020
Union Minister of Commerce and Industry Piyush Goyal inaugurated the 3rd edition of National Public Procurement Conclave (NPPC) in New Delhi. The two-day conclave was organized by Government e-Marketplace (GeM) in association with Confederation of Indian Industry (CII). NPCC will be held from 5-6 December 2019.
NPCC brings together a host of Buyers, Sellers and stalwarts of industry with massive opportunities in Public Procurement sector. It offers opportunities to interact with more than 800 buyers/sellers across sectors along with over 400+ Public Procurement Managers from different public sector undertaking (PSU) and Governments Departments across different states.
During the conclave, a road map for future of GeM will be put in place that will unify all government procurement, across all Ministries and Departments.
During deliberations, an actionable agenda will emerge that will facilitate work contracts in form of tenders to be made available on GeM portal in future.
About Government e-marketplace (GeM)
It is a state-of-the-art public procurement platform envisaged by Centre Government, that has uses technology to remove entry barriers for bonafide sellers. Procurement of Goods and Services by Ministries or Departments of Centre Government has been made mandatory for Goods and Services available on GeM. It has created a vibrant and truly transparent e-marketplace with a wide range of goods and services.
GeM has now introduced GeM 3.0, which is a more robust, flexible e-marketplace with an intuitive User Interface (UI) to make procurement of Goods and Services simpler than ever. GeM rests on 3 pillars of fairness, openness and inclusiveness. It epitomizes speed, skill and scale which is essential in an e-marketplace platform.
Tags: CII • Confederation of Indian Industry • GeM • GeM 3.0 • National Public Procurement Conclave
Government e-Marketplace (GeM) signed Memorandum of Understanding (MoU) with Union Bank of India (UBI). Through this partnership, UBI will be able to offer array of services including transfer of funds through GeM Pool Accounts (GPA), advising of Performance Bank Guarantees (e-PBG) and Earnest Money Deposit (EMD) to the registered users on the GeM portal. It will also facilitate cashless, paperless and transparent payment system on GeM portal and will create an efficient procurement system for government entities.
Online integration for payments and various banking services is one of the priorities for GeM. So far, GeM has signed MoU with 14 Public Sector and private banks to enable this. It is also working with others banks, TReDs, and SIDBI to provide invoice financing and Bill Discounting to MSMEs registered on GeM. This will help MSMEs access easy credit and do better business with Government Departments.
About Government e-Marketplace (GeM)
It is an online marketplace launched by Union Government in 2018 to facilitate procurement of goods and services by various Ministries and agencies of the Government. It offers online, end to end solution for procurement of commonly used goods and services for all central government and state governments departments, public sector units (PSUs) and affiliated bodies. Its main aim is to enhance transparency, efficiency and speed in public procurement of goods and services and eliminate corruption. It provides tools for Direct Purchase, bidding and reverse auction in a transparent manner for government departments.