On August 9, 2016, under the Allocation of Business Regulations, 1961, the Commerce and Industry Ministry created the Government e-marketplace (GEM Registration). Under the Make in India initiative, the Government of India (GOI) has mandated that all government agencies purchase goods and services only from the Make in India online marketplace. The Indian government launched an online marketplace to more easily purchase retail outlets. In the Government E-marketplace (GEM) platform, a vendor may sell his wares to various government agencies and agencies can make purchases from vendors. Purchasing equities through the GEM Portal is required of all government agencies. Anybody with a GEM Registration can buy and sell on the GEM Portal. There are two distinct GEM Registrations: one for buyers and one for sellers. The idea of GEM is to ensure efficient supply chain management through increased openness and speed.
The e-market operates with little to no human intervention and is completely cashless, paperless, and technology- and system-driven. Among its many aspects are:
Government E-Marketplace (GEM)
Established in India, the Government E-Marketplace (GEM) is an official online marketplace run by the central government. It’s a marketplace where businesses can list their wares and government agencies can find customers, streamlining the process of buying what they need (PSUs).
The GEM Infrastructure
The GEM Portal offers the following features:
Conditional Requirements for GEM Membership
The following are necessary conditions for GEM Registration:
If you require this service, you are requested to contact our compliance manager 08943620159 or by email at info@techmincsc.in
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