Advanced version of public procurement portal GeM on the anvil
The GeM portal was launched in August 2016
The Central government is coming up with an advanced version of government procurement platform GeM. The new government procurement platform portal GeM will be more dynamic, transformational and vibrant by adding advanced features such as powerful search engine, revamped brand and product approval process and faster creation of categories for goods and services through tender analysis.
The Government e-Market (GeM) portal was launched in August 2016 for online purchases of goods and services by all the central government ministries and departments.
The GeM 4.0 will be more smart, unified, intelligent and more inclusive. It will represent one of the largest uses of advanced technology in any government platform around the world. A technology road map has been created that enhances each and every step of the user experience on the portal.
The transformational portal will have features for market enhancement, catalogue improvements, revamping of bidding and rating system. The new GeM 4.0 is expected to be launched by August-September 2020.
The advance portal will be integrated with central public procurement portal (CPPP), natural language processing-based search engine, timely payments to suppliers, demand aggregation, staggered delivery, GeM availability report and past transaction summary for informed procurement decisions.
It will also allow buyers to publish bids on the portal itself, one-time caution money deposit, price bounds to ensure price sanity, rating-based filter system, seller incentives, and price variation clause, among others.