Government e-Marketplace - newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra

GeM Strengthens Inclusive Government Procurement for Small and Women-Led Enterprises

Newsmantra — Tue, 23 Dec 2025 09:07:28 +0000

NEW DELHI. The Government e-Marketplace (GeM) has emerged as a key enabler for Micro and Small Enterprises (MSEs), women entrepreneurs, SC/ST businesses and startups to participate competitively in government procurement. As of November 30, over 11.25 lakh MSE sellers were registered on the platform, collectively securing government orders worth ₹7.44 lakh crore. This accounts for 44.8 per cent of the total order value on GeM, significantly exceeding the mandated annual procurement target of 25 per cent for MSEs. Women-led enterprises have also seen rising participation, with more than two lakh women-owned MSEs active on the platform and orders worth ₹78,066 crore, supported by initiatives such as the Womaniya programme focused on onboarding, training and access to opportunities.

The Ministry of Commerce & Industry said GeM promotes inclusive procurement through policy-aligned platform features, including dedicated filters for MSEs, women-led and SC/ST enterprises, along with purchase preferences and relaxations in Earnest Money Deposit, turnover and experience requirements. The impact is reflected in recent transactions, including a women-led clean energy firm from Vadodara supplying renewable energy solutions worth over ₹53 crore, an SC/ST-owned enterprise from Nagpur delivering surveillance infrastructure valued at ₹29 crore, and a Mumbai-based startup securing technology service contracts worth ₹191 crore. Officials noted that GeM enhances transparency, efficiency and traceability in public procurement while advancing the goals of Digital India and Atmanirbhar Bharat through wider regional and community participation.

The post GeM Strengthens Inclusive Government Procurement for Small and Women-Led Enterprises appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

GeM Emerges As Largest Procurement Platform Globally

Newsmantra — Thu, 22 May 2025 06:36:24 +0000

Government e-Marketplace (GeM) has emerged as one of the World’s largest and most efficient public e-procurement platforms, setting new benchmarks in accessibility and affordability. The Chief Executive Officer of GeM, Mihir Kumar said this while addressing a press conference in New Delhi on the occasion of 8th incorporation Day of GeM. Mr. Kumar added that GeM’s has on boarded over 10 lakh Micro, Small, and Medium Enterprises, 1.3 lakh artisans and weavers, 1.84 lakh women entrepreneurs and 31 thousand startups. He said, in just 8 years, the GeM has emerged as a transformative force in public procurement, scaling unprecedented heights in both volume and value and has evolved into a robust digital ecosystem.

The CEO further asserted that the platform currently boasts over 1.64 lakh primary buyers and 4.2 lakh active sellers and offers more than 10 thousand product categories and more than 330 services. He informed that 97 percent of all transactions on GeM are now free of any transaction charges. GeM has been adopted across all 36 States and Union Territories.

The post GeM Emerges As Largest Procurement Platform Globally appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Interactive session on the Government e-Marketplace (GeM)

Newsmantra — Thu, 08 May 2025 11:26:22 +0000

An interactive session on the Government e-Marketplace (GeM) was organized at Coal India, Kolkata. Ms. Nirupama Kotru, AS&FA, Ministry of Coal, was present on the occasion and shared her insights.

During the session, our Director (Technical), Shri Achyut Ghatak, highlighted the critical role of the GeM portal in ensuring transparency and efficiency in the public procurement process.

The session also saw the participation of Shri Rajiv Shrivastava, Additional CEO – GeM, and Shri Ayush Aggarwal, Director – GeM. Executive Directors, General Managers, Heads of Departments, and other senior officials of our company were also present on the occasion. GMs and HoDs from the MM and CMC divisions of our subsidiaries joined the session virtually.

Officials from GeM made detailed presentations on the latest developments of the portal, and addressed all the queries raised by the participants.

The post Interactive session on the Government e-Marketplace (GeM) appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Sensex, Nifty fall nearly 3%

Newsmantra — Fri, 26 Nov 2021 11:30:41 +0000

Indian stock markets fell sharply today in tandem with a similar selloff in other Asian markets over fears of a new South Africa Covid variant that could be could be more infectious than Delta. The Sensex fell about 1700 points to settle at 57,107 while Nifty slumped about 3% to 17,026. Just two stocks – Nestle and Dr Reddy’s – among the Sensex 30 pack ended in green.

The news of the new covid variant has hammered confidence in equities, which were already under pressure as traders prepared for the Federal Reserve to start tightening its monetary policy to fend off surging inflation.

Just as this particular tail risk was melting away into the background, scientists in South Africa have announced they have discovered a new Covid variant which could potentially be more transmissible. While the impact on human life is not yet established, the re-imposition of movement restrictions is likely to hurt economic activity. The South African Rand (ZAR) weakened past the 16 level for the first time this year,” said Kristal.AI, a wealth management platform, in a note.

Markets plunged sharply on worries of rising Coronavirus cases in the west and reports of a new Covid variant. Due to weak global market conditions, we saw investors booking profit at higher levels.

The Nifty has formed a long bearish candle and after a lengthy correction it is currently trading near the 100-day SMA. On daily charts, the index has broken the important support level of 17200 and closed below the same. While the short term formation is weak, a quick pullback rally is not ruled out if the Nifty succeeds to trade above the 100-day SMA.

For day traders, 17150 or 100-day SMA would be the immediate hurdle above the same. On the flip side, trading below 17150, the index could decline up to 16900-16750 levels.

The post Sensex, Nifty fall nearly 3% appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

GeM Partners with Central Bank of India for Payment Related Services

Newsmantra — Fri, 08 Nov 2019 07:24:48 +0000

Government e-Marketplace (GeM)today signed MoU with Central Bank of India. Through this partnership, Central Bank of India will be able to offer an array of services including transfer of funds through GeM Pool Accounts (GPA), advising of electronic Performance Bank Guarantees (e-PBG) and Earnest Money Deposit (EMD) to the registered users on the portal.

The MOU was signed by Rajeev Kandpal, CFO, GeM and A.K. Mishra, Field General Manager,Central Bank of India in the presence of Talleen Kumar, CEO, GeM.

Integration for payments and various banking services is one of the priorities for GeM towards the goal of paperless, contactless and cashless system. GeM has already signed MoU with 18 Public Sector and Private Banks to enable this.

GeM is also working with Banks, TReDs, and SIDBI to provide bill discounting and financing of working capital where the cost of capital is linked to the performance & rating of a seller on GeM. This will help the sellers in general and the MSMEs in particular to access easy credit and do better business with the government. In addition, GeM is contemplating the creation of EMD pool account for making it easy for sellers to comply with the EMD requirements while responding to bids.

GeMis an initiative of the Government of India which offers a one stop platform for facilitating online procurement of goods and services by Central and State government organizations. GeM provides tools for Direct Purchase, bidding and reverse auction for ensuring transparent and efficient procurement.

The post GeM Partners with Central Bank of India for Payment Related Services appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.