GeM Expands Public Procurement Reach, Boosts Participation Of MSMEs And Startups
New Delhi, June 9 -- The Government e-Marketplace (GeM) has significantly expanded its role in public procurement since its launch in August 2016, facilitating greater participation of businesses and improving transparency in government purchasing processes. GeM Transforms Public Procurement Through Digitalisation The digital procurement platform has transformed public procurement from a largely manual process to a technology-driven system, enabling online bidding, contract management and end-to-end procurement through a single interface. According to official data, the number of registered micro and small enterprises (MSEs) on GeM has increased from 2,396 in 2016-17 to over 11.9 lakh. Procurement from MSEs has risen from Rs 69 crore to m...
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