How procurement in India is being revolutionized by GeM
The Indian government's journey towards transparency, efficiency, and cost-effectiveness in public procurement has been significantly propelled by the Government e-Marketplace (GeM). This digital platform has moved away from traditional, often cumbersome, and less transparent methods, ushering in an era of streamlined B2G (Business-to-Government) transactions. This article explores the profound impact GeM is having on public procurement in India, detailing its functionalities, benefits, challenges, and future trajectory. GeM has emerged as a critical tool for modernizing government purchasing processes. By using technology, it aims to create a level playing field for suppliers. It helps boost competition and makes sure public funds are used in the best way. From small businesses to large companies, the platform offers a unified way to find goods and services. It deeply changes how the government buys everything from office supplies to complex machines. The Genesis and Evolutio...