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GeM signs MoU with the government of Delhi

GeM has signed an MoU with Government of Delhi in order to facilitate market-based procurement for buyer organisations of Delhi
New Delhi: Government e-Marketplace (GeM) has signed an MoU with the government of Delhi on Friday in order to facilitate market-based procurement for buyer organisations of Delhi. As per the Ministry of Commerce & Industry, Delhi has consistently been among the top buyers on GeM. This MoU will further expedite the harmonisation of the procurement guidelines of the Delhi government and GeM and integration of the systems, enabling a seamless procuring experience. Prior to this, GeM had signed MoUs with about 19 public sector banks. The MoU was signed by GeM's CFO & Joint Secretary Rajeev Kandpal and the government of NCT of Delhi's Special Secretary (Finance) Neeraj Bharati. With this, GeM has now entered into MoUs with 30 states and UTs.

Government e-Marketplace

GeM, set up by the Department of Commerce, is a state-of-the-art public procurement platform that provides tools for direct purchase, bidding and reverse auction for ensuring transparent and efficient procurement. There are more than 40 thousand buyer organisations and over 3 lakh sellers and service providers registered on the portal. In addition, more than 3,000 product categories comprising approximately 15 lakh products and services are available on GeM. The transparency, efficiency, and inclusiveness provided by the portal has resulted in an average saving of 15 – 25 percent for government organisations.