GeM added more than 1 lakh sellers in November 2020 itself.
Ease of Doing Business for MSMEs: The total transaction worth on the government’s public procurement portal Government eMarketplace (GeM) has crossed Rs 74,552 crore as of December 30, 2020, Commerce Ministry mentioned on Wednesday sharing significant highlights of the Department of Commerce in 2020. The marketplace has 17.6 lakh listed goods, 9 lakh sellers and service providers, and 11,543 solution categories “promoting transparent public procurement while giving a fair opportunity and level playing field to vendors,” it mentioned in a statement. The Modi government had launched the GeM marketplace on August 9, 2016, to boost speed and transparency in the government shopping for method to advantage tiny corporations.
TheSpuzz Online had earlier in December 2020 reported that GeM saw the typical day-to-day order worth rising 282 per cent from Rs 34.12 crore in April 2020 to Rs 130.53 crore in October 2020, as per the information tweeted by GeM on December 4. “GeM was started with an objective to transform the legacy procurement system in the country. A rapid growth in Avg Order Value per day in the current FY 2020-21 is showing the higher acceptability of the platform for procurement purpose,” GeM had tweeted. The marketplace was in a position to add 40,212 new sellers on an typical per month and 486 new solution categories per month in 2020, according to information shared by the portal. In reality, it added more than 1 lakh sellers in November itself, registered beneath Udham Aadhaar beneath the Ministry of MSME.
Also study: The year that was: The greatest newsmakers of India’s glamourous tech, startup ecosystem who defined 2020
However, the order worth of Covid-associated goods had declined drastically in November right after peaking in October given that March 2020. The government’s obtain of such goods which includes healthcare and auxillary goods via GeM stood at Rs 389.4 crore in November down 61 per cent from Rs 996.9 crore in October, primarily based on the analyses of the information sourced from GeM. The government had enabled the procurement of healthcare and auxillary goods by means of GeM to cater to the quick require of ventilators, Covid kits, and masks amid the initial shortage of such goods and spiraling Covid circumstances post-February.