November 22, 2019 3:31 PM

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Government E-Marketplace signs MoU with Government of NCT Delhi

Government e-Marketplace, GeM has entered into a Memorandum of Understanding with Delhi Government to facilitate buyer organizations of the national capital towards a market-based procurement.<br />''<br />''Delhi has consistently been among the top buyers on GeM.<br />''<br />''The MoU was signed by Chief Financial Officer and Joint Secretary, GeM Rajeev Kandpal and Special Secretary Finance in Delhi Government Neeraj Bharati. It will further expedite the harmonization of the procurement guidelines of the two entities and integration of the systems, enabling seamless procuring experience.  <br />''<br />''With this, GeM has now entered into MoUs with 30 States and UTs.<br />''<br />''GeM set up by Department of Commerce is a state-of-the-art public procurement platform that provides tools for direct purchase, bidding and reverse auction for ensuring transparent and efficient procurement.<br />''<br />''There are more than 40 thousand buyer organizations and over three lakh sellers and service providers registered on the portal.<br />''<br />''In addition, more than three thousand product categories comprising approximately 15 lakh products and services are available on GeM. The transparency, efficiency, and inclusiveness provided by the portal has resulted in an average saving of 15 to 25 per cent for government organizations.<br />''<br />''<br />

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