GeM has brought transparency in public procurement : Minister

Speed Post News Network

New Delhi : The Government e-Market (GeM) has brought transparency, efficiency, and inclusiveness in public procurement. It has reduced the time of procurements, reduced the process and enabled ease of doing business for both buyers and vendors. There is huge savings in the cost of procurement ranging from a minimum of 10% to 45% in different categories. The average saving based on the MRP/Listed price is about 28%. This information was given by the Minister of State for Commerce and Industry C R Chaudhary in a written reply in the Rajya Sabha on December 12, 2018.

The portal was launched on August 9, 2016, as a pilot and gradually scaled up. During the last 2 years and 4 months (till  December2, 2018), 1,015,519 orders worth Rs 14,959 crore were were placed.

The National Mission on GeM (NMG) was launched on September  5, 2018, till October 17, 2018. The objective of the Mission was to accelerate the adoption and use of Procurement by Major Central Ministries, States and UTs and their agencies (including CPSUs/PSUs, Local Bodies) on the GeM platform.