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    Bharti Enterprises and Warburg Pincus Announce Strategic Investment in Haier India Partnership Set to Fuel Haier India’s Next Phase of Growth

    Novo Nordisk A/S: Wegovy® pill approved in the US as first oral GLP-1 for weight management

    Global MSME Conclave Should Emerge as a Collaborative Platform and Preferred Destination for Domestic and Global Investors – Union Minister Shobha Karandlaje

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  • Business

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    bp agrees to sell a 65% shareholding in Castrol to Stonepeak at an enterprise value of $10 billion

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Photo credit: ADAMA

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  • Auto
    JSW MG Motor India & Automotive MG launched the all-new Hector at Automotive MG Showroom at Bowenpally, Hyderabad by actor Nikhil Siddhartha, senior officials from JSW MG Motor India, Sudhir Kataria, Head – IT, Abhinay Akula, ASM, and Neeraj Gurram, CEO, Automotive MG
PHOTO CREDIT-JSW MG Motor India

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  • Sports

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  • Entertainment

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  • Lifestyle
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    Novo Nordisk A/S: Wegovy® pill approved in the US as first oral GLP-1 for weight management

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    A Sprinting Revival: The Return of the Cheetah

    Travel is Back: AU Credit Cards Enable Seamless International Spending for Indian Travellers

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Government e-Marketplace (GeM) “Seller Samvad” held in Bengaluru today

FWM by FWM
September 19, 2022
in National
0

Bengaluru- 19-9-2022“

Government e Marketplace (GeM), the National Public Procurement Portal“of the country is an end-to-end online Marketplace for the procurement of goods“and services. It was launched on August 9, 2016, as part of the vision of the“Hon’ble Prime Minister. GeM is known for redefining public procurement and has“been able to bring about radical changes in the way procurement was done by“Government buyers and public sector undertakings. GeM is contactless, paperless,“and cashless and stands on three pillars viz. efficiency, transparency, and“inclusivity“““The buyer base of GeM comprises all Central and State Government“departments, Cooperative societies, and public sector undertakings. The“heterogeneous nature of GeM?s seller base clearly reflects on the founding pillar of“„inclusivity?” said Shri S G Raveendra, Addl. Director General, Press Information“Bureau (PIB) Bengaluru addressing the gathering during a “Seller Samvad”“organized by Government e marketplace (GeM) in Bengaluru today.“Some of the details about GeM is that it has surpassed the milestone of INR“1 Lakh Crore of procurement value, in a single fiscal year in FY 21-22.“Cumulatively, GeM has facilitated over 1 Crore transactions valued at over INR“2.82 Lakh Crore. This has only been possible with the support of all stakeholders“including buyers and sellers across the country There are over 2,82,000 sellers and“service providers registered on GeM from Karnataka.““Starting from the big companies and conglomerates, the seller base includes“women entrepreneurs, Self Help Groups, and MSME sellers from all over the“country. Moreover, special provisions have also been created on the GeM portal to“ensure a seamless onboarding experience for MSMEs and SHGs. It is worth“mentioning that 61 thousand registered Government buyers and 48.6 lakh sellers“and service providers speak for the size and scale of GeM operations.““Since its inception, GeM has been steadily growing with new product and“service categories being added constantly. Currently, there are about 300 service“categories and over 10000+ product categories available on GeM. These categories“feature around 44 lakhs catalogues of product and service offerings. Further, GeM“is an evolving platform and relentlessly works towards adding new features and functionalities to the portal. In line with this principle, approximately 2000 minor and 460+ major functionalities have been introduced in the last 24 months““With this as a thought, it is felt that GeM has been able to impact a large set“of sellers as stakeholders in India?s public procurement ecosystem. Accordingly, a“pan-India „Seller Samvad? has been planned to interact with the GeM sellers and to“make them aware about the new GeM features and functionalities that further“make it conducive for them to operate on the portal. During the Samvad, many“sellers spoke about their experiences.“ Anagh Dutt, Director, States & Union Territories, GeM, Ministry of“Commerce & Industry GoI, attended the samvad and Sellers from different parts“of the state, including Women entrepreneurs, MSEs and start-ups participated also“shared their success stories on GeM with the participants.

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