Gem of India

Gem of India : Fourth version of Government e-Marketplace launched by Ministry of Commerce and Industry

Photo : National Portal of India
Gem of India

Government e-Marketplace (GeM)The fourth version of the Government e-Marketplace, known as GeM 4.0, was launched by the Ministry of Commerce & Industry.

Government e-Marketplace :

The Government e-Marketplace (GeM) is a dedicated online platform where goods and services can be procured by various organizations and departments under the Government of India, and by the PSUs also.
  • GeM is aimed at enhancing the efficiency, speed and transparency in public procurement of goods and services.
  • It also serves the objective of eliminating corruption.
  • It is administered by the Ministry of Commerce and Industries under the Directorate General of Supplies and Disposals (DGS&D).
  • It is a completely paperless, cashless and system-driven e-marketplace that enables the procurement of common use goods and services with a minimal human interface.
  • It is an online marketplace for government officers and others for procurement.
  • GeM 4.0 is the latest version of the e-marketplace.

Some of the new features include the following:

  • Sellers will get timely payment.
  • Natural Language Processing (NLP) based advanced search engine.
  • The user interface has been revamped and made more user-friendly.
  • Staggered or flexible delivery is allowed.
  • The bidding module has been redesigned and now consignee-wise and item-wise bidding is permitted.
  • Advanced analytics, machine learning, deep learning and AI are integrated into the portal.
  • The grievance redressal mechanism has been improved.
  • Cataloguing has been made simpler for sellers by introducing price variance.
  • Ease of Payment options with integration with many banks and ERPs.
  • Seller rating is now introduced making it easier for buyers to make their decisions, and also incentivising sellers to upgrade.
  • Many new services and categories have been included.
  • This version has dedicated pages for CPSUs (central PSUs).
Photo : DD news
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