New Delhi:"Stay alert against cartelisation and collusion in GEM," said Piyush Goyal, while reviewing the functioning of the Government e-Marketplace (GEM) on Wednesday. The Minister for Commerce & Industry, Textiles, Consumer Affairs, Food & Public Distribution, Piyush Goyal asked the officials to make GEM more affordable and further increase the volume of business, said a statement.
The Minister asked for bringing more transparency in the system. He said that operations should be audited regularly to ensure that all technical and financial aspects of GeM stay strong all the time. The Minister asked the officials to make GeM more user & commerce friendly so that ease of doing business can be further promoted. He also directed officials to significantly reduce and cap the transaction charges so that more traders are attracted to the GeM portal.
CIM asked the GEM team to use Artificial Intelligence and further simplify the system. He said that as the volume of operations grows, AI would be needed to bring the most appropriate buyers and sellers together for transactions, the statement read. The use of AI would also act as a watchdog against business malpractices like collusion and cartelisation which often sneak into online business platforms.
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He cautioned GeM officials to keep a watch on such things. Goyal said that the transparency of the system should be strengthened and no one should ever get a chance to raise doubts on the integrity of the GeM platform. The Minister was informed that the pilot project to integrate GeM with the Indian Railways E-Procurement System (IREPS) will be launched by next month while the process of integrating GeM with India Post and Ministry of Panchayati Raj is in progress.
Piyush Goyal asked GeM authorities to wrap up the pending audit by the Directorate of Standardization Testing and Quality Certification (STQC). The GeM is a 100 per cent Government owned Company set up under the aegis of the Department of Commerce for procurement of goods and services by Central and State Government organizations.
Since its launch on August 9, 2016, the order value of GeM has grown more than 90 times, - from Rs.422 crore in FY2016-17 to over Rs.38,620 crore last Financial Year with MSMEs constituting a 56,7per cent share of total order value. More than 55,400 Buyers and 30,66,400 Sellers have onboarded the GeM. The portal now provides trade-in 16,456 products and 206 Service categories.
The GeM portal was recently declared the winner in the "Best Use of Digital Technology" category at the CIPS Excellence in Procurement Awards 2021 (CIPS Awards). The CIPS Awards are one of the leading recognitions around procurement globally, which is conducted under the aegis of The Chartered Institute of Procurement & Supply (CIPS), London.
