The Role of GeM in Innovating Public Procurement Policies


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Uploaded on Dec 16, 2024

Category Business

In India, Public Procurement amounts to nearly 20-22% of GDP. This means that a significant amount of tax payers’ money is directed towards making purchases of public goods and services that constitute the lifeblood of government programmes and services. The importance of efficient public procurement cannot be overstated. Yet, up until 2016, India’s public procurement structure grappled with latencies like tedious and time-consuming processes, multiple barriers to entry to the marketplace, cartelization, delayed payments to vendors and excessive public spending on low-quality products.

Category Business

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The Role of GeM in Innovating Public Procurement Policies

The Role of GeM in Innovating Public Procurement Policies www.gem.gov.i n In India, Public Procurement amounts to nearly 20-22% of GDP. This means that a significant amount of tax payers’ money is directed towards making purchases of public goods and services that constitute the lifeblood of government programmes and services. The importance of efficient public procurement cannot be overstated. Yet, up until 2016, India’s public procurement structure grappled with latencies like tedious and time-consuming processes, multiple barriers to entry to the marketplace, cartelization, delayed payments to vendors and excessive public spending on low-quality products. www.gem.gov.i n Key Policy Innovations in GeM www.gem.gov.i n 1. Efficiency through Automation & Digitisation GeM offers a completely paperless, contactless and cashless platform with end-to-end digitisation of each touch point in public procurement journey – right from registration to payments. www.gem.gov.i n 2. Transparency and Accountability In line with its vision of increasing transparency in public procurement, GeM has enacted groundbreaking policies to ensure unhindered flow of information www.gem.gov.i n 3. Inclusivity and The platform hAasc rucleed osust ailbl rielgiisttryation restrictions that were earlier in place to establish a more inclusive and competitive market. This has eliminated the monopoly or larger entities and has opened the public procurement market to sellers/service providers nationwide – irrespective of their size and turnover. www.gem.gov.i n 4. Competitive By eliminating all Bbairrdiedrs iton egntry to public procurement, GeM enables competitive bidding by providing a level-playing field for all eligible sellers and service providers to participate in e- tenders floated on the portal. www.gem.gov.i n 5. Integrated Payment GeM has an integratSedy pasymteenmt system that ensures prompt and secure payments to vendors. This feature is particularly beneficial for small businesses that rely on timely payments to maintain their cash flow. www.gem.gov.i n How to Register on GeM www.gem.gov.i n 1.Visit GeM Website 2.Create an Account 3.Fill in details 4.Verification 5.Submit Documents 6.Submit Additional Details www.gem.gov.i n Conclusion In India, Public Procurement amounts to nearly 20-22% of GDP. This means that a significant amount of tax payers’ money is directed towards making purchases of public goods and services that constitute the lifeblood of government programmes and services. The importance of efficient public procurement cannot be overstated. www.gem.gov .in Thank You www.gem.gov.i n