Micro Small and Medium Enterprises Current Affairs - 2020

GEM Samvaad: GEM launches National Outreach Programme

Government e-commerce portal GeM has launched a national outreach programme called ‘GeM Samvaad’, to bring on-board more local sellers. The outreach programme will take place from 19 Dec 2019 to 17 Feb 2020 and will cover all States and Union Territories (UTs) of the country. It was launched by Commerce Secretary Anup Wadhawan in New Delhi.

GeM Samvaad outreach programme will involve local sellers and stakeholders across the country to facilitate on-boarding of local sellers on marketplace while catering to specific requirements as well as procurement needs of buyers. Through GeM Samvaad marketplace is also looking forward to receive feedback from users which would be used for making improvements and advancements in system.

About Government e Marketplace (GeM)

It is the national public procurement portal that offers end to end solutions for all procurement needs of Central and State Government Departments, autonomous institutions, Public Sector Units (PSUs) and local bodies. GeM was launched on 9 August 2016 and since its commencement, it has transformed public procurement in India by leveraging technology and making procurement contactless, paperless, and cashless.

It just three years, GeM has over 15 lakh products and nearly 20,000 services, over 3 lakh registered sellers and service providers, over 40,000 Government buyer organizations and has processed more than 28 lakh orders worth Rs.40,000 crores in Gross Merchandise Value (GMV) out of which 50% has been transacted by Micro, Small and Medium Enterprises (MSMEs).

BCC inks MoU with BRICS Chamber to promote trade

The Bharat Chamber of Commerce (BCC) has signed a memorandum of understanding (MoU) with BRICS of Commerce and Industry for promoting trade and investments between BRICS countries and eastern part of India, in particular.

Key Highlights of MoU

It was signed by Sitaram Sharma, BCC president and B B L Madhukar, BRICS Chamber of Commerce and Industry Director General.

It will enable both the signatories BCC and BRICS chamber to share trade related information and exchange trade delegations among 5 members of group namely Brazil, Russia, India, China and South Africa.

BCC is looking forward to work closely with BRICS Chamber of Commerce to foster trade, industrial and technological cooperation between West Bengal and BRICS countries.

About Bharat Chamber of Commerce

BCC was initially established in 1900 as the “Marwari Chamber of Commerce” at Calcutta.

Following Indian Independence, in 1949 Chamber re-christened itself as Bharat Chamber Commerce.

Function: It works towards

Expanding economic and commercial activity via enhancement of efficiency and competition at all levels

Economic empowerment of society in rural areas via guidance on application of appropriate technology and evolving marketing strategies

Promoting Bilateral Trade using Business Delegation as engine for exploring opportunities

About BRICS Chamber of Commerce and Industry

BRICS CCI is a parent organization which promotes commerce and industry in BRICS nations. It was founded in 2012 with efforts of eminent professionals and entrepreneur.

It is a not-for-profit and non-governmental organization (NGO).

Objective: to create an enabling support system especially for MSME (Micro Small and Medium Enterprises) segment of businesses and young entrepreneurs from across all geographies.