About Government e-Marketplace (GeM)
Based on the recommendations of the Group of Secretaries made to Hon’ble Prime Minister, the Government decided that GeM SPV will create a one stop Government e-Marketplace (GeM) to facilitate online procurement of common use Goods & Services required by various Government Departments / Organizations / PSUs. GeM aims to enhance transparency, efficiency and speed in public procurement. It provides the tools of e-bidding, reverse e-auction and demand aggregation to facilitate the government users, achieve the best value for their money.
Government of India (Allocation of Business) Rules, 1961, vide notification dated 8th December 2017 has made the following entry “32. Development, operation and maintenance of National Public Procurement Portal—Government e-Marketplace”.
The purchases through GeM by Government users have been authorized and made mandatory by Ministry of Finance by adding a new Rule No. 149 in the General Financial Rules, 2017.
About GeM SPV
As owner of the National Public Procurement Portal (section 8 Company registered under the companies Act, 2013), GeM SPV builds, operates and maintains the GeM platform, which provides for procurement of goods and services required by Central & State Government organizations. GeM SPV provides an end-to-end online Marketplace for Central and State Government Ministries / Departments, Central & State Public Undertakings (CPSUs & SPSUs), Autonomous institutions and Local bodies, for procurement of common use goods & services in transparent and efficient manner.