According to government reports, GeM achieved a noteworthy milestone in the financial year 2022-23 (FY23) by surpassing the INR 2 Lakh Cr procurement mark. GeM, an initiative launched in August 2016 under the Ministry of Commerce, serves as a convenient one-stop-shop platform for various government ministries and agencies in their pursuit of procuring an extensive range of goods and services.
Image-: Outlook India
In a surprising development, reports have emerged stating that Tata Consultancy Services (TCS), a homegrown IT behemoth, has secured the contract for operating and maintaining the esteemed government procurement portal, GeM.
GeM, an initiative launched in August 2016 under the Ministry of Commerce, serves as a convenient one-stop-shop platform for various government ministries and agencies in their pursuit of procuring an extensive range of goods and services. This comprehensive platform encompasses a wide array of products, spanning from basic office stationery to sophisticated automobiles, as well as encompassing services like logistics, transportation, and waste management.
During a recent public event on Monday (June 26), Union Minister Piyush Goyal disclosed the triumph of TCS in clinching the coveted contract. Furthermore, Goyal shared his anticipation for the introduction of numerous cutting-edge and contemporary features on the GeM platform, which are set to be unveiled by the end of the current year or early next year. He elaborated on TCS’s role in enhancing the operational ease of the portal, affirming that their involvement will usher in additional elements to streamline the platform’s functionality. In the spirit of continual improvement, Goyal emphasized the government’s commitment to refining the system and unveiled plans to introduce data analytics services on the platform. These services aim to assist buyers and sellers in making informed procurement decisions, thereby promoting efficiency and efficacy.
According to government reports, GeM achieved a noteworthy milestone in the financial year 2022-23 (FY23) by surpassing the INR 2 Lakh Cr procurement mark.
Goyal expressed optimism and set an ambitious target of reaching INR 3 Lakh Cr in the current fiscal year. Presently, the marketplace boasts an impressive presence, with over 63,000 government buyer organizations and a staggering 62 Lakh sellers actively participating on the platform.
Overall, the announcement of TCS securing the contract for the GeM portal signals a significant development in the realm of government procurement. As the platform continues to evolve and expand its offerings, it holds the promise of transforming the procurement landscape and fostering greater efficiency in the public sector.
