gem: Government e-Marketplace intends Rs 40,000 cr GMV in FY19

KOLKATA: The Centre’s procurement portal Federal government () is anticipating Rs 40,000 crore gross merchandise value () by the end of present financial, regardless of imposing a deal charge from sellers to recover expenses, a top authorities said today.

In the last 2 years of operations of the GeM portal, the overall cumulative procurement was worth Rs 11,000 crore. We are targeting Rs 40,000 crore worth of transaction on the marketplace by end of the current financial, GeM extra CEO

AK Kamra said here. GMV is the price credited the consumer increased by the number of products offered.

He said that given that mid-July, GeM has begun imposing a deal cost of 0.5 per cent from the sellers in order to recuperate its operational expense.

GeM was released in August, 2016 to help with online procurement of common-use goods and services needed by both central and state federal governments, organisations and public sector units.

Asked what caused a four-fold increase in procurement target, Kamra said there has been a steady rise in noted items and the number of purchasers have actually increased substantially.

Around 25 state governments have actually signed arrangement with the national website for procurement, consisting of West Bengal.

Kamra said the website has now 1,900 different product categories and 4 lakh products are readily available on the portal including IT equipment, requirements of para-military, defence and police modernisation, clothing and products for sports authorities.

Kamra said GeM is for makers and direct buyers and have started the procedure to weed out the intermediaries.

Based on the public procurement policy, 358 product categories have actually been booked for small and medium enterprises he stated, including that more than 44 lakh systems have actually been signed up in the portal.

We are attempting to bring all the product classifications scheduled for the MSEs in the portal. Some of them have already been included. We have actually asked for the Ministry of MSMEs to provide specs of the reserved product categories,” he included.

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