2. New on GeM
Latest Feature : NEWLY ADDED “ NOV 2023 - WHY SELL ON GEM
Why Sell on GeM?
- Access to National Public Procurement market
- No charges or fee for getting registered
- Special provisions and sections for startups, MSMEs and Emporium products
- Fully online, paperless and contactless platform
- A list of prerequisites for the seller registration has been made available so that it becomes a guide to the seller during registration https://gem.gov.in/support/sellers/?lang=english
- Brand application and brand approval process has been revamped for sellers
- Multiple invoice for single order
- Easy access to participate in bids/reverse auction
- Clock has been enabled in RA to display remaining time for seller participation
- Online grievance redressal mechanism for quick resolution
- All sellers will be shown reasons for rejection
- Seller friendly dashboard for monitoring supplies & payments
- Business Cockpit has been enhanced with additional parameters in existing report as well as new chart widgets based on OEM and MAIT recommendations.
GeM Advantages
Government e-Marketplace (GeM) is the Public Procurement Portal for procurement of goods and services for all Central Government and State Government Ministries, Departments, Public Sector Units (PSUs) and affiliated.GeM endeavours to make public procurement process transparent, efficient and inclusive. Following are the advantages of GeM It acts as a centralized and unified public procurement platform for government buyer organizations and suppliers of goods and services, accompanied by:
- Policy reforms for current processes of public procurement ecosystem
- Driving Inclusiveness and Ease of Doing Business (EoDB) with the government (especially for smaller organizations such as MSMEs)
- Standardization of processes backed by the regulatory framework
- A fully automated system enabled through advances technologies.
- Seller belonging to North East states and J & K are exempted from ITR at the time of bid participation
- Dynamic Pricing- Price can be changed based on market conditions
- Direct access to Government departments and their organizations.
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