Government e Marketplace bags prestigious CIPS Award

What is the News?

Government e-Marketplace (GeM) was announced as the winner in the “Best Use of Digital Technology” category at the CIPS Excellence in Procurement Awards 2021 (CIPS Awards).

What is CIPS Excellence in Procurement Awards 2021?

CIPS Excellence in Procurement Awards 2021 is given by the London based Chartered Institute of Procurement & Supply (CIPS), a non-profit organization.

The awards are given to celebrate the best work and teams in the procurement profession. 

What is the Government e-Marketplace?

Government e-Marketplace is a 100% Government owned Section 8 Company set up under the aegis of the Department of Commerce, Ministry of Commerce and Industry.

Purpose: It is an online marketplace for the procurement of goods and services by Central and State Government organizations.

The procurement of goods and services by Ministries and the Central Public Sector Enterprises (CPSEs) is mandatory for goods and services available on GeM.

What are the recent updates on GeM?

The Government of India has made it mandatory for sellers to enter the Country of Origin while registering all new products on GeM.

Moreover, GeM has also enabled a provision for indication of the percentage of local content in products. 

Hence, with this new feature, now, the Country of Origin as well as the local content percentage are visible in the marketplace for all items. 

Source: This post is based on the article ”Government e Marketplace bags prestigious CIPS Award” published in PIB on 24th September 2021.