GeM to soon be standard mode of procurement by government agencies

It would be a game changer in public procurement and would give an impetus to Make in India by removing the entry barriers for doing business with the government

GN Bureau | August 29, 2016


#Rita Teaotia   #Ministry of Commerce   #E-marketplace   #GeM   #Make in India  

Commerce secretary Rita Teaotia said that Government E-Marketplace (GeM) has been developed within a short span of five months. She added that owing to the transparency, ease, efficiency and time-bound payment offered by GeM, it is the way forward and would very soon become the standard mode of procurement by government agencies.

Speaking at a workshop on GeM for vendors for e-procurement on Monday, the official said that GeM would be a game changer in public procurement and would give an impetus to Make in India by removing the entry barriers for doing business with the government, said a press release.

Teaotia stated that although it has been made mandatory on GeM to make payment to the vendors within 10 days of receipt of goods/services, efforts should be made to further reduce this time span as time is money and ultimately the cost of delayed payment is born by the government.

She said that GeM will enable the government buyers to bypass the cumbersome tendering system and instead procure using a system that offers ease of operation similar to e-commerce sites.

The training session was attended by more than 200 suppliers from sectors such as information technology, electrical goods, transport services etc., from across the country.

Radha Chauhan, CEO of National e-Governance Division (NeGD), in her address mentioned about the concept of GeM and how it has been developed. She emphasised the fact that payment process has been simplified and made time bound in GeM, thereby making it easy for suppliers to get their payment from buying Government organizations on time.
 

Comments

 

Other News

Mumbai Metro: Delay on Tracks

In Mumbai, the ninth most populous and congested city on the planet, high rentals compel citizens to spend five hours on an average travelling to work every day. Mumbai’s Metro Rail System extending towards Mumbai Metropolitan Region (MMR) will not only provide East-West connectivity

Sustainable tourism is responsible tourism

Tourism is a huge part of global culture nowadays and is also one of the biggest sources of revenue across the world. According to the World Travel and Tourism Council (WTTC), in 2019, the tourism industry contributed $8.9 trillion or 10.3% to the global GDP. The industry witnessed a massive lull in 2020 d

Fernandes: A Life as Legacy

The Life and Times of George Fernandes By Rahul Ramagundam Penguin/New India Foundation, 624 pages, Rs 799 Amer

India set to enter 5G era

After years of intense preparation, India is about to take the next step in information and communication technology. Prime Minister Narendra Modi will launch 5G services in India on October 1 and also inaugurate the 6th Edition of India Mobile Congress 2022 to be held till October 4, at Pragati Maidan, Ne

Ram Shravan Manan: A musical venture that leads to self-reflection

There is this popular saying that epics are never told, but always retold. Ramayana is one such epic and needs no introduction. Its plot is grounded in sacrifice and the end brings out hope that the good always wins. But how is a centuries-old tale of the prince of Ayodhya still relevant for today’s

Garib Kalyan Ann Yojana extended for three more months

In pursuance of the pro-people announcement made by the prime minister in 2021 and successful implementation of additional food security under PM Garib Kalyan Ann Yojana, the union cabinet has approved its extension for a further period of three months, from October to December 2022. At a ti

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter