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40,000 buyer organisations registered on GeM portal

ByMr. Sachida Nand Jha

Nov 7, 2019

Speed Post News Network

New Delhi : Government e Marketplace (GeM) is working with the Rural Development Ministry and State Government Emporia and Development Commission Handicarfts to bring on board self-help groups (SHGs) and artisan clusters on GeM. This was announced by CEO, GeM, Talleen Kumar, in New Delhi, on November 6, 2019.

The products will be categorised as Emporium Products where the unique items produced by India’s artisans will be available on GeM. Work is underway to factor in technical solutions so that working capital and traceability of the items is available to buyers and sellers on the platform. More than 3,000 startups are already registered on GeM and they have received orders amounting to Rs 522 crore till date. More than 58,101 MSMEs are registered on platform and 50% of the entire transactional value on GeM is from MSMEs, according to a PIB release.

The CEO, GeM, informed that the Gross Merchandise Value (GMV) on GeM portal has crossed Rs 36,000 crore. Nearly 40,000 buyer organisations are registered on this procurement portal. There are over 2.95 lakh sellers/service providers on GeM. Average time taken for seller registration has come down from 20 days to 2 days. Given the shorter procurement cycles and competitive prices, the Government entities in general and CPSUs in particular are increasingly procuring from GeM.

By Mr. Sachida Nand Jha

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