{"id":14037,"date":"2024-08-09T22:30:38","date_gmt":"2024-08-09T17:00:38","guid":{"rendered":"https:\/\/matribhumisamachar.com\/en\/?p=14037"},"modified":"2024-08-09T22:30:38","modified_gmt":"2024-08-09T17:00:38","slug":"government-e-marketplace-celebrates-its-8th-foundation-day","status":"publish","type":"post","link":"https:\/\/matribhumisamachar.com\/en\/2024\/08\/09\/government-e-marketplace-celebrates-its-8th-foundation-day\/","title":{"rendered":"Government e-Marketplace celebrates its 8th Foundation Day"},"content":{"rendered":"<p style=\"text-align: justify;\">The procurement in FY2024-25 has already reached \u20b91,92,433 Crore as of 08<sup>th<\/sup>\u00a0August 2024 which is approx. 136 percent (%) growth over the same period in the last fiscal year, and is well poised to set new records in FY 2024-25.<\/p>\n<p style=\"text-align: justify;\">The procurement of Services on GeM has accelerated with the Gross Value Merchandise (GMV) of services reaching \u20b93.91 lakh crore since its inception. In FY 2024-25, service procurement on GeM has already reached \u20b980,493 crore. The platform has registered a 100% year-on-year growth in the last 3 fiscal years, with fulfillment of 62.86 Lakh orders worth approx. \u20b9 4.03 Lakh Crore in GeM GMV in\u00a0 FY 2023-24. Today, more than 1.5 Lakh Government buyers are interacting and procuring goods and services from approx. 23 Lakh sellers and service providers pan India, in 11,523 product and 327 service categories, sans intermediaries.<\/p>\n<p style=\"text-align: justify;\">Shri P. K. Singh, CEO-GeM presided over the ceremony and was accompanied by senior officers, employees and staff.<\/p>\n<p style=\"text-align: justify;\">Speaking on the occasion, Shri P. K. Singh mentioned the roll-out of the GeM SAHAYAK program, an initiative to create a pan India pool of 6-7K trained, certified\/ accredited trainers to handhold sellers and buyers on the GeM platform.<\/p>\n<p style=\"text-align: justify;\">The portal has championed the social inclusion of women, tribal and SC\/ ST MSMEs, startups, artisans and weavers, ODOP\/ GI craftsmen, self-help groups, farmer producer organizations (FPO), and Cooperative Societies through its #vocalforlocal GeM Outlet Stores, and market interventions, namely &#8211; \u201caccess to markets\u201d, \u201caccess to finance\u201d, and \u201caccess to value-addition\u201d. Presently, 9,56,465 Udyam-verified MSEs are registered on the portal who have fulfilled orders worth \u20b93,87,407 Crore which is approx. 39.24 percent (%) of the Cumulative GMV. Further, 1,63,996 Women MSEs have fulfilled orders worth \u20b937,430 Crore and approx. 50,000 SC\/ ST MSEs have fulfilled orders worth \u20b97,828 Crore. Over 25,816 Startups have secured orders worth more than \u20b927,598 Crore through GeM.<\/p>\n<p style=\"text-align: justify;\">Artificial Intelligence (AI) is ensuring improved product comparison and price discovery for Government buyers. Government buyers are able to avail market intelligence, product similarity, price gap analysis, anomaly detection, among other features for the real-time identification of any abnormal activity and for improved visibility to stop potential collusion among buyers and sellers. GeM is the first public procurement agency to use a generative AI-based Chat box to enhance users\u2019 experience.<\/p>\n<p style=\"text-align: justify;\">Since its launch on 9<sup>th<\/sup>\u00a0August 2016, GeM has facilitated the procurement of common use Goods &amp; Services by various Central\/ State, Ministries\/ Departments, Public Sector Enterprises (PSU), Autonomous Bodies, Panchayats, and Cooperative Societies. The genesis of GeM stems from the visionary approach of Shri Prime Minister Shri Narendra Modi in leveraging the digital public infrastructure for ushering a cashless, contactless, and paperless unified national procurement portal.<\/p>\n<p style=\"text-align: justify;\"><strong>About GeM:<\/strong><\/p>\n<p style=\"text-align: justify;\">Government e Marketplace (GeM) &#8211; GeM is a Section 8 company setup under the administrative control of the Department of Commerce, Ministry of Commerce and Industry, for procurement of goods and services by Central Ministries, State Departments, PSEs and Autonomous Bodies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The procurement in FY2024-25 has already reached \u20b91,92,433 Crore as of 08th\u00a0August 2024 which is approx. 136 percent (%) growth over the same period in the last fiscal year, and is well poised to set new records in FY 2024-25. The procurement of Services on GeM has accelerated with the Gross Value Merchandise (GMV) of &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[136],"tags":[10158,10157,10160,10159,10156],"class_list":["post-14037","post","type-post","status-publish","format-standard","","category-national","tag-e-procurement-platform","tag-government-e-procurement","tag-government-procurement-system","tag-india-e-marketplace","tag-public-procurement"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Government e-Marketplace celebrates its 8th Foundation Day - Matribhumi Samachar English<\/title>\n<meta name=\"description\" content=\"Learn about the 8th foundation day of Government e-Marketplace, a significant milestone in e-procurement, and its impact on public procurement. Discover how the platform has transformed the process.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/matribhumisamachar.com\/en\/2024\/08\/09\/government-e-marketplace-celebrates-its-8th-foundation-day\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government e-Marketplace celebrates its 8th Foundation Day - Matribhumi Samachar English\" \/>\n<meta property=\"og:description\" content=\"Learn about the 8th foundation day of Government e-Marketplace, a significant milestone in e-procurement, and its impact on public procurement. Discover how the platform has transformed the process.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/matribhumisamachar.com\/en\/2024\/08\/09\/government-e-marketplace-celebrates-its-8th-foundation-day\/\" \/>\n<meta property=\"og:site_name\" content=\"Matribhumi Samachar English\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-09T17:00:38+00:00\" \/>\n<meta name=\"author\" content=\"Saransh Kanaujia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Saransh Kanaujia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/matribhumisamachar.com\/en\/2024\/08\/09\/government-e-marketplace-celebrates-its-8th-foundation-day\/\",\"url\":\"https:\/\/matribhumisamachar.com\/en\/2024\/08\/09\/government-e-marketplace-celebrates-its-8th-foundation-day\/\",\"name\":\"Government e-Marketplace celebrates its 8th Foundation Day - Matribhumi Samachar English\",\"isPartOf\":{\"@id\":\"https:\/\/matribhumisamachar.com\/en\/#website\"},\"datePublished\":\"2024-08-09T17:00:38+00:00\",\"dateModified\":\"2024-08-09T17:00:38+00:00\",\"author\":{\"@id\":\"https:\/\/matribhumisamachar.com\/en\/#\/schema\/person\/0a61403f4baf9627e92218b53a1e65f1\"},\"description\":\"Learn about the 8th foundation day of Government e-Marketplace, a significant milestone in e-procurement, and its impact on public procurement. Discover how the platform has transformed the process.\",\"breadcrumb\":{\"@id\":\"https:\/\/matribhumisamachar.com\/en\/2024\/08\/09\/government-e-marketplace-celebrates-its-8th-foundation-day\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/matribhumisamachar.com\/en\/2024\/08\/09\/government-e-marketplace-celebrates-its-8th-foundation-day\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/matribhumisamachar.com\/en\/2024\/08\/09\/government-e-marketplace-celebrates-its-8th-foundation-day\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/matribhumisamachar.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Government e-Marketplace celebrates its 8th Foundation Day\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/matribhumisamachar.com\/en\/#website\",\"url\":\"https:\/\/matribhumisamachar.com\/en\/\",\"name\":\"Matribhumi Samachar English\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/matribhumisamachar.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/matribhumisamachar.com\/en\/#\/schema\/person\/0a61403f4baf9627e92218b53a1e65f1\",\"name\":\"Saransh Kanaujia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/matribhumisamachar.com\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/45a8b03a1b1bb8255014f5e62f9cfea0eb8a9f7a6a604f9879038df08da23cea?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/45a8b03a1b1bb8255014f5e62f9cfea0eb8a9f7a6a604f9879038df08da23cea?s=96&d=mm&r=g\",\"caption\":\"Saransh Kanaujia\"},\"description\":\"Saransh Kanaujia is currently editor of Matribhumi Samachar Group. He earlier worked with Hindusthan Samachar News Agency. He is also associated with many organizations.\",\"sameAs\":[\"https:\/\/matribhumisamachar.com\/en\"],\"url\":\"https:\/\/matribhumisamachar.com\/en\/author\/matribhumisamachar\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Government e-Marketplace celebrates its 8th Foundation Day - Matribhumi Samachar English","description":"Learn about the 8th foundation day of Government e-Marketplace, a significant milestone in e-procurement, and its impact on public procurement. Discover how the platform has transformed the process.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/matribhumisamachar.com\/en\/2024\/08\/09\/government-e-marketplace-celebrates-its-8th-foundation-day\/","og_locale":"en_US","og_type":"article","og_title":"Government e-Marketplace celebrates its 8th Foundation Day - Matribhumi Samachar English","og_description":"Learn about the 8th foundation day of Government e-Marketplace, a significant milestone in e-procurement, and its impact on public procurement. Discover how the platform has transformed the process.","og_url":"https:\/\/matribhumisamachar.com\/en\/2024\/08\/09\/government-e-marketplace-celebrates-its-8th-foundation-day\/","og_site_name":"Matribhumi Samachar English","article_published_time":"2024-08-09T17:00:38+00:00","author":"Saransh Kanaujia","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Saransh Kanaujia","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/matribhumisamachar.com\/en\/2024\/08\/09\/government-e-marketplace-celebrates-its-8th-foundation-day\/","url":"https:\/\/matribhumisamachar.com\/en\/2024\/08\/09\/government-e-marketplace-celebrates-its-8th-foundation-day\/","name":"Government e-Marketplace celebrates its 8th Foundation Day - Matribhumi Samachar English","isPartOf":{"@id":"https:\/\/matribhumisamachar.com\/en\/#website"},"datePublished":"2024-08-09T17:00:38+00:00","dateModified":"2024-08-09T17:00:38+00:00","author":{"@id":"https:\/\/matribhumisamachar.com\/en\/#\/schema\/person\/0a61403f4baf9627e92218b53a1e65f1"},"description":"Learn about the 8th foundation day of Government e-Marketplace, a significant milestone in e-procurement, and its impact on public procurement. Discover how the platform has transformed the process.","breadcrumb":{"@id":"https:\/\/matribhumisamachar.com\/en\/2024\/08\/09\/government-e-marketplace-celebrates-its-8th-foundation-day\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/matribhumisamachar.com\/en\/2024\/08\/09\/government-e-marketplace-celebrates-its-8th-foundation-day\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/matribhumisamachar.com\/en\/2024\/08\/09\/government-e-marketplace-celebrates-its-8th-foundation-day\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/matribhumisamachar.com\/en\/"},{"@type":"ListItem","position":2,"name":"Government e-Marketplace celebrates its 8th Foundation Day"}]},{"@type":"WebSite","@id":"https:\/\/matribhumisamachar.com\/en\/#website","url":"https:\/\/matribhumisamachar.com\/en\/","name":"Matribhumi Samachar English","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/matribhumisamachar.com\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/matribhumisamachar.com\/en\/#\/schema\/person\/0a61403f4baf9627e92218b53a1e65f1","name":"Saransh Kanaujia","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/matribhumisamachar.com\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/45a8b03a1b1bb8255014f5e62f9cfea0eb8a9f7a6a604f9879038df08da23cea?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/45a8b03a1b1bb8255014f5e62f9cfea0eb8a9f7a6a604f9879038df08da23cea?s=96&d=mm&r=g","caption":"Saransh Kanaujia"},"description":"Saransh Kanaujia is currently editor of Matribhumi Samachar Group. He earlier worked with Hindusthan Samachar News Agency. He is also associated with many organizations.","sameAs":["https:\/\/matribhumisamachar.com\/en"],"url":"https:\/\/matribhumisamachar.com\/en\/author\/matribhumisamachar\/"}]}},"_links":{"self":[{"href":"https:\/\/matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts\/14037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/matribhumisamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/matribhumisamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/matribhumisamachar.com\/en\/wp-json\/wp\/v2\/comments?post=14037"}],"version-history":[{"count":1,"href":"https:\/\/matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts\/14037\/revisions"}],"predecessor-version":[{"id":14064,"href":"https:\/\/matribhumisamachar.com\/en\/wp-json\/wp\/v2\/posts\/14037\/revisions\/14064"}],"wp:attachment":[{"href":"https:\/\/matribhumisamachar.com\/en\/wp-json\/wp\/v2\/media?parent=14037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/matribhumisamachar.com\/en\/wp-json\/wp\/v2\/categories?post=14037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/matribhumisamachar.com\/en\/wp-json\/wp\/v2\/tags?post=14037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}