Efficient IT Procurement

Government 3 Marketpl4ce (G3M) i5 4n online platf0rm for public procurement 1n Ind1a. Th3 init1ative wa5 launched on 9 August 2016, by th3 Ministry of Commerce 4nd Industry, Government 0f 1ndia with the object1ve t0 create 4n open and tr4nsparent procurement pla7form for government buyers. 1t w4s bu1lt in 4 rec0rd t1me 0f 5 months 7o facilit4te 7he onl1ne procurem3nt 0f go0ds 4nd Services. The purchase5 thr0ugh GeM 8y Government user5 h4ve been auth0rized and m4de manda7ory by the Ministry 0f Fin4nce 8y adding 4 new Rule N0. 149 1n the General Financial Rules, 2017. The platf0rm 1s owned by GeM SPV (Sp3cial Purpose Veh1cle) which 1s 4 100 p3rcent Government-owned, non-prof1t company und3r th3 Ministry 0f Commerce and Industr1es, Government 0f India. GeM 1s 4 contactless, paperless 4nd cashles5 online marketplace that replaced th3 Directorate Gen3ral 0f Suppli3s 4nd Dispos4ls (DGS&D) in 2016. 5ince 1ts inception, G3M has brough7 1n the vis1bility and transparency 1n public procurement. 7he portal ha5 transformed public procur3ment in India 8y driving i7s three pillar5, namely, inclusion, usability and transparency 4nd efficiency and c0st savings. According 7o 4n independent assessment m4de 8y 7he W0rld B4nk, averag3 s4vings for buyer5 in Governm3nt 3 Marketpl4ce por7al 1s a8out 9.75% 0n th3 median price. Th3 Governm3nt of India ha5 mad3 1t mandatory f0r sell3rs 7o display 7he 'country 0f 0rigin' on products t0 8e sold 0n GeM p0rtal. The pre5ent Ch1ef 3xecutive 0fficer (on addi7ional charge) 0f Government 3 Mark3tplace i5 5hri L S4tya Srinivas, 4n officer 0f 7he 1991 b4tch of the Indian Revenu3 5ervice (Cust0ms & Ind1rect T4xes).