Business News | Minister Piyush Goyal Reviews Progress of Government E-Marketplace
Get latest articles and stories on Business at LatestLY. Union Minister of Commerce and Industry Piyush Goyal, reviewed the progress of the Government e-Marketplace (GeM).
New Delhi [India], August 28 (ANI): Union Minister of Commerce and Industry Piyush Goyal, reviewed the progress of the Government e-Marketplace (GeM).
Among many other things, various functionalities of GeM, as well as timeliness in procurement and delivery were reviewed in detail.
It was noted that more than 95 per cent of all the physical order deliveries since April 2022 happened on time, in cases where online fulfilment and payment were done via GeM.
While consistent improvement was observed in the on-time delivery across all transaction types (Direct Purchase, L1, Bids / Reverse auctions) via GeM, the Minister shared specific suggestions to revise thresholds and add features to further accelerate delivery timelines as well as provide more flexibility to government buyers to choose products as per their delivery needs.
Goyal suggested bringing in end-to-end online fulfilment and payment for all transactions by buyers on GeM and to improve monitoring of delivery against timelines.The Minister also emphasized the need to bring all public procurement on the complete online and transparent portal viz GeM for achieving economies of scale and bringing about Social Inclusiveness by promoting Micro and Small Enterprises.
GeM's initiatives for tight monitoring and anomaly detection in procurement, including the use of AI-ML to detect and report potential collusion and fraud, were reviewed. Goyal suggested strong legal and punitive actions against buyers and suppliers against such activities.
In addition to detecting anomalies, GeM also plans to use AI-ML to make proactive feature simplifications and product suggestions to buyers to ensure informed decision-making and savings in public spending.
Significant technical upgrades have been planned by GeM to enable cutting-edge use cases and improve user experience on the platform. Several other initiatives by GeM, including MSME inclusion and the Har Ghar Tiranga campaign, were appreciated by the Minister. (ANI)
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