Government Electricity Market (GeM) is a digitally integrated platform designed to buy and sell various goods and services under 172 services and under 16,350.
product categories. This will upgrade the existing extent of digitalization in the country. Launched in August 2016, the GeM portal is run under the Ministry of Commerce and Industry, Govt of India.
The portal will deliver the regular and essential goods and services needed by the several govt. departments and PSUs. With this, GeM has been a helping hand and promoted small businesses like SWAYATT, Womaniya, The SARAS Collection, and others. As per the Financial statistics, the GeM has made transactions worth Rs. 120,154 crores by June 2021 with 7,000,733 orders.
New COVID-19 Features on GeM Portal
Based on the situation of COVID-19 nationwide, the website has prepared some necessary measures and regulations as follows:
Traders will not increase the product by more than 20% of the lowest price in 30 days. New, more effective products are being introduced to the COVID treatment and support group.
The campaign cycle for all COVID groups has been reduced from 10 days to 3 days. Corona products will be delivered within 2 days of ordering depending on the speed and condition of the product. Local sellers can sell for up to $1 million.
50,000 won for quick delivery in these difficult times. If the seller does not update the inventory within 48 hours of notification, he will run away.
Only products with positive evidence of COVID are approved. The same buyer can now purchase the same product from the same seller within 7 days of the previous purchase with the COVID-19 category. GeM objectives Here are the general aims and objectives of the GeM portal.
The main objective of launching the GeM Portal is to advance the level of cashless and digitized online transactions of goods and services required by the government. Create a transparent and efficient electronic platform to facilitate your purchases. We guarantee reasonable prices for the products offered.
It shows economic weakness and encourages constant innovation and better business through responsibility. Create a sustainable environment that includes all stakeholders in the Indian market. Supplier evaluation Supplier evaluation can be defined as a measurement or evaluation to determine whether the buyer can meet its business functions and related service or product needs. Must be GeM. Analysis of products listed in company profiles and GeM offers. The GeM Portal informs you of all vendor evaluation requirements and procedures.
Product download Make your products and services available in GeM and sell them to government agencies. It is important to note that the GeM registration process requires resellers, manufacturers and service providers to register their products and services on the GeM portal. This process is called government listing in the energy industry.
A seller of GeM products is published on the Government Electricity Authority only if the product name is approved by the GeM Authority. participation in the auction GeM e-Bidding/RA module is a tool provided to buyers to prepare Bidding/RA from GeM suppliers on specific items, such as quantities, parameters, for specific products/services, including pre-requisites .
The product is desired by one or more buyers/purchasers. Supplier ID The Vendor ID (VID) section is responsible for maintaining the Vendor ID. All individual vendors, members, and partners must complete a Payer Information Form (PIF) prior to payment. Without a good supplier that offers quality products, business services and business equipment at competitive prices, with good content and on-time delivery, business results and profits will be severely damaged.
Domain name type If you have your own name, you must register your name and, if applicable, you must provide all information such as proof of ownership, production certificate / NSIC, e-commerce and specifications if the product does not is not available. for GeM. GeM also provides OEM panels to manage authorized dealers.