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

‘Let the full court be the master of the roster’

Four senior judges of the supreme court have publicly made serious allegations against the chief justice of India. Will it have wider impact on judicial discipline? I think so. I think the CJI will have to take note of it and rectify the mistakes he was making.

Two die in a fire incident at ICOL’s Naphtha cracker unit

Two people were killed in the fire that broke out at the Polyethylene Swing Unit of Panipat Naphtha Cracker Complex on January 22. As a precautionary measure, the swing unit is temporarily under shutdown. Indian Oil Corporation said that five persons working in the nearby area came in

Nurturing the girl child

India is the most dangerous place in the world to be born as a baby girl. It has the dubious distinction of having 75% more chances of girl children aged between 1-5 years dying as compared to boy children. India is among the fastest growing economies in the world, with a contradicting child sex ratio worl

HUDCO organises 37th international training programme

The trainees of 37th International Training Programme on ‘Planning and Management of Urban Services’, organised by HUDCO’s Human Settlement Management Institute, interacted with HUDCO’s CMD, M Ravi Kanth. The training programme started on January 15 and would end on March 9.

Modi at Davos: On how to realise the dream of a beautiful shared future

Prime minister Narendra Modi underlined the need for a consensus among the nation to realise the dream of a beautiful shared future, as he addressed the plenary session of the World Economic Forum (WEF) in Davos on Tuesday. After introductory remarks by the Forum`s founder and executive chai

RECTPCL hands over SPV to Power Grid Corp

REC Transmission Projects Company Ltd (RECTPCL), a subsidiary of Rural Electrification Corporation Ltd (REC), has handed over project specific special purpose vehicle (SPV) namely ERSS XXI Transmission Ltd to Power Grid Corporation of India Ltd (PGCIL). Competing alongside with the private p

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter