Uploaded on Dec 16, 2024
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.
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
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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.
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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.
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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
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1.Visit GeM Website
2.Create an Account
3.Fill in details
4.Verification
5.Submit Documents
6.Submit Additional Details
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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
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