Current Affairs

Government e-Marketplace 3.0 launched

The Ministry of Commerce & Industry, Government of India has launched the advanced version of the GeM - the Government e Marketplace portal.
Government e-Marketplace 3.0 launched
  • GeM (Government e Marketplace) 3.0, is an upgraded version of the National Procurement Portal of India.
  • GeM 3.0 has undergone a digital transformation with some superior technologies. This would provide a common platform to bring together many sellers and service providers for products and services across the country.
  • The earlier version GeM 2.0 was launched a pilot project in August 2016 by all the central government ministries and departments for online purchases of goods and services. Till now, 72,941 sellers and service providers have registered with the portal to sell 4,54,853 products and services.

Objective

  • The GeM 3.0 has been launched to keep pace with ever-evolving technological challenges and stakeholder aspirations. It would offer facilities like standardised and enriched catalogue management, powerful search engine, demand aggregation, user rating and analytics.

Enhancements in the GeM 3.0

  • Market-Based generic requirements across all government agencies
  • Completely transparent transactions across all ranges
  • Generic standards established through universal service levels and cost comparison enabled
  • Standardisation of specifications of both products and services enabling empirical price comparability
  • Open and dynamic marketplace with rating based on performance of user on website

Features

  • It has a powerful search engine
  • It offers facilities like price comparison using third-party sites (multisource and real-time)
  • e-Earnest Money Deposit(e-EMD) and e-Performance Bank Guarantee (e-PBG)
  • It has a performance-based user rating and an optional OVA (Online Vendor Assessment)
  • It has market-based bundling and bunching of products and services.
  • It also supports multi-cart functionality and offers more facilities with Bid and RA Facility.

What is GeM?

  • GeM is an Online Market platform to facilitate procurement of goods and services by various Ministries and agencies of the Government.
  • It has been envisaged as National Procurement Portal of India.
  • It functions under Directorate General of Supplies and Disposals (DGS&D), Ministry of Commerce and Industries.
  • The basic aim is to enhance transparency, efficiency and speed in public procurement of goods and services and to eliminate corruption.
  • It is completely paperless, cashless and system driven e-marketplace that enables procurement of common use goods and services with the minimal human interface.
Government e-Marketplace 3.0 launched Government e-Marketplace 3.0 launched Reviewed by Aman Bhatia on February 02, 2018 Rating: 5

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