Punjab Becomes First State To Sign Mou With Government’s ‘E Marketplace’

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CHANDIGARH (Indian Union Territory): Government e-Marketplace (GeM) under the Department of Commerce, Ministry of Commerce & Industry and Government of Punjab, signedMoUto set up a GeM Organizational Transformation Team (GOTT)Project Management Unit (PMU)in the state.

The MoU was signed by Additional CEO, GeM, S. Suresh Kumar, and Director Industries, Government of Punjab, C. Sibin at Chandigarh on 10th September 2019.

GeM, the national public procurement portal launched in August 2016 has transformed the public procurement landscape in the country with transparency, efficiency and inclusion.

The National Portal for Public Procurement has achieved considerable scale in a short span of two years.

It has generated more than 19 lakh transactions worth Rs. 36,000 cr. currently, in the country there are more than 10 lakh products offered by over 2.4 lakh vendors and the market is expanding day by day.

In addition to the transparency, efficiency and inclusion of MSME vendors offered by the platform, there is an average saving of about 20-25% to the total cost of procurement.

The GeM has provided significant opportunities to MSMEs, Women SHGs and Start-Ups to transact successfully with Centre and States and Various agencies. This has boosted the Make in India initiative policy of promoting local MSMEs by providing them with market access.

To further strengthen and enable Government departments towards a market-based procurement, Department of Expenditure, Ministry of Finance, Government of India has advised Ministries and Departments of Central and State Governments to consider services of GOTT on an outcome-based self-sustenance model.

GOTT will assist the buyer agency to redesign the procurement processes and enhance competencies to derive maximum benefit from the online marketplace.

Government of Punjab is the first State which will establish GOTT PMU for effectively utilising this transformational initiative towards inclusive, efficient and transparent procurement.

Among the CPSUs, SAIL has already signed MoU for setting up of PMU. Many other states and CPSUs are in the process of setting up GOTT PMUs.

It is projected that through the initiatives of GOTT PMU, Government of Punjab will be able to transact around Rs 1700 crore in terms of annual Gross Merchandise Value (GMV) on GeM platform in the first year and over Rs 3000 crore per annum, over a period of time.

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