GeM Updates
General Financial Rules: Key Changes and Amendments 2024
The General Financial Rules have undergone significant changes this past month, with new norms and amendments implemented by the Ministry of Finance. For official documentation, refer to the Ministry of Finance’s notification. The amended General Financial Rules introduce higher monetary thresholds, increase accountability and transparency, and emphasize the role of the GeM Portal and Central …
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The One District One Product Initiative: Harnessing GeM to Empower Regional Development
Unveiling the Vision of Equitable Growth Under the visionary Aatmanirbhar Bharat (Self-Reliant India) initiative, the Government of India has been proactive in crafting strategies that drive regional development and economic self-sufficiency. A prime example of these efforts is the One District One Product (ODOP) scheme, particularly its integration with the Government e-Marketplace (GeM). This integration …
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2024 Update: Revised Make in India Procurement Order
Revised Public Procurement Order 2017: Key Changes & Impact The Indian Government has significantly revised the Public Procurement (Preference to Make in India) Order 2017, as per the latest revised order from Ministry of commerce and Industry issued by DPIIT issued on July 19, 2024 (Refer Notification). This extensive update aims to intensify the Make …
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GeM Portal Guide: Login, Consultancy & more | GeMTech PARAS
The Government E Marketplace has emerged as a professional portal for online procurement of goods, services, and products. The services of the GeM portal allow cost efficiency and reduce the time required for procurement. Here is a quick guide by India’s top GeM portal and GeM registration consultant. Understand the entire process in just one …
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Democratizing e-Commerce in India: How ONDC and GeM are Leveling the Playing Field
Projected to reach $350 billion by 2030, India’s e-commerce sector stands on the brink of transformation. The current dominance of a few large platforms has stifled the growth potential of millions of small sellers and local businesses. Initiatives like the Open Network for Digital Commerce (ONDC) and the Government e-Marketplace (GeM) aim to dismantle these …
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GeM OEM Panel: A Guide for Manufacturers in Government Procurement
Introduction: Streamlining Government Procurement with the GeM OEM Panel In the dynamic realm of public procurement, the Government e-Marketplace (GeM) stands out with OEM Panel, designed to streamline the procurement process and enhance the interaction between Government entities and vendors. The OEM Panel simplifies the procurement landscape by ensuring that original equipment manufacturers (OEM’s) can …
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GeM VENDOR ASSESSMENT FOR OEM, DEEMED OEM’S and CONTRACT MANUFACTURERS
Government e Marketplace (GeM) has undergone significant changes, transitioning its vendor assessment responsibilities from the Quality Council of India (QCI) to Rail India Technical and Economic Service (RITES). This strategic shift aims to enhance the effectiveness of the vendor assessment process, leveraging RITES’ specialized expertise. Table of Contents Understanding Vendor Assessment on GeM (#understanding-vendor-assessment-on-gem) …
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Can GeM Remove Favouritism & Collusion in Government Procurement? A Simple Explanation
The Government e-Marketplace (GeM) is a transformative force in Indian government procurement, setting a new standard for efficiency and transparency. Since its launch by the Ministry of Commerce and Industry, Government of India in 2016, GeM has grown from facilitating transactions worth ₹7,800 crore to an impressive ₹4 lakh crore by 2023.It is expected that …
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Zero Defect Zero Effect (ZED) Certification for MSMEs
ZED – Enhancing Market access and brand recognition “Inspired by our Prime Minister’s vision, ZED certification is all about making products without defects and processes without harming the environment. Let’s show the world we’re all about ‘Zero Defect, Zero Effect’ in our manufacturing journey!“ The Zero Defect Zero Effect (ZED) scheme was launched in India …
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