Government e-Market, the online platform for public procurement of goods and services, is in the process of finalizing its plan to enable works contracts for construction and manufacturing projects to be bid through the platform, and will soon Will present before the department. commerce for its approval, said GeM CEO Prashant Kumar Singh.
The proposal, which will require Union Cabinet approval, is likely to be part of the 100-day program of the new government. “We have sought approval within 100 days on GeM work contracts. The commerce department will seek Union Cabinet approval,” GeM CEO Prashant Kumar Singh said at a press conference on Thursday.
GeM is consulting stakeholders before finalizing its proposal and is in touch with buyers and construction agencies for inputs.
Singh said the total procurement of goods and services through GeM crossed ₹1.24 lakh crore in the first quarter of 2024-25, a quarter-on-quarter increase of 136 per cent compared to ₹52,607 crore last year. . He said, if the momentum continues, GeM will become the world’s largest platform by the end of the financial year, surpassing South Korea’s KONEPS.
According to an official statement, procurement by central ministries, including CPSEs, during the period crossed the ₹1 lakh crore milestone, with the ministries of coal, defence, and petroleum and gas emerging as top purchasers in the quarter. Of this ₹1 lakh crore GMV, the share of CPSEs is more than ₹91,000 crore.
To reach out to the last mile sellers, GeM plans to launch the ‘GeM SAHAYAK’ program, which will create a pan-India network of 6,000-7,000 trained and certified accredited trainers to assist potential and existing GeM sellers in navigating the Will provide our services. On GeM and enhancing business opportunities. “Buyers will also benefit from the services of these facilitators in terms of making bids and other value-added services,” the statement said.
Generative AI
GeM is also set to deploy its Generative AI-based chatbot named “GeMAI” in the coming quarter to provide solutions based on micro-analysis of queries raised by buyers and sellers through various complaint and feedback mechanisms.
It is also planned to use a comprehensive monitoring tool on GeM to provide an integrated 360-degree view on the overall performance of the platform, the statement said. “A project to geo-tag the addresses of GeM users is underway. The project will provide a geography-based view of transactions such as MSE, ODOP sales and product concentrations,” it said.
(TagstoTranslate)Government e-Market(T)Online platform for public procurement of goods and services(T)GeM CEO Prashant Kumar Singh(T)Commerce Department(T)Government’s 100-day program(T)AI-based chatbot “GeMAI”
