Government e-Marketplace (GeM)

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Context (IE): Central Public Sector Enterprises procurement through Government e-Marketplace (GeM) surpasses INR 1 lakh crore in 6.5 months of FY 23-24.
It is the Public Procurement Portal for procuring goods and services for all Central and State Government Ministries, Departments, Public Sector Units (PSUs), etc.
It was launched in 2016 to bring transparency and efficiency to the government buying process.
It is a 100 per cent GoI-owned company set up under the aegis of the Ministry of Commerce.
In 2017, GoI made it mandatory for all ministries to procure goods/services from the GeM.

Advantages of GeM

Increased Public Savings: An independent assessment by the World Bank reported that GeM enabled an average savings of 9.75% on the median price between February 2019 and January 2020.
Aatmanirbhar Bharat: In 2020, GeM made it mandatory for sellers to enter the Country of Origin while registering products on GeM to promote ‘Make in India’ and ‘Aatmanirbhar Bharat’.
Enabling MSMEs to Scale Up: The portal allows MSMEs to scale up their business and increase sales.