ABOUT GEM eMarketpalce
Based on proposals from the Group of Secretaries, the Honourable Prime Minister decided to create a specific online market for the various commodities and services that PSUs, departments, and government organisations purchase. This required converting DGS&D into an online marketplace for buying and selling goods and services.
GeM SPV builds, runs, and maintains the GeM platform as the owner of the National Public Procurement Portal (section 8 company registered under the Companies Act, 2013), which offers an end-to-end online marketplace for Central and State Government Ministries / Departments, Central & State Public Undertakings (CPSUs & SPSUs), Autonomous institutions, and Local bodies, for procurement of common use goods & services in an effective and transparent manner.
Government e Marketplace (GeM), which was developed in a world-record five months, makes it easier for different government departments, organisations, and PSUs to purchase common goods and services online. GeM seeks to increase the speed, efficiency, and openness of public procurement. To help government users get the most for their money, it offers the e-bidding, reverse e-auction, and demand aggregation technologies.
GeM (Government e-market) (English - Government e-Marketplace) The Government of India has created a government e-market based on the proposals of the Group of Secretaries, from which the online usage of common goods and services required by many government departments can be made. Purchase
"National Public Procurement Portal—Government e Marketplace development, operation, and maintenance."
The Ministry of Finance added a new Rule No. 149 to the General Financial Rules, 2017 to authorise and mandate purchases made through GeM by government users.