GeM to Add Rate Contracts & Global Tendering
May 19, 2025 16:47
The Government e-Marketplace (GeM) is set to include rate contract and global tendering functionalities, enhancing flexibility and competitiveness in public procurement.
New Delhi, May 19 (PTI) The Government e-Marketplace (GeM) is working to soon include rate contract and global tendering functionalities on the public procurement portal in a bid to enhance its flexibility and competitiveness, a senior official said on Monday.
At present, these features are not on the GeM portal.
While the global tendering functionality would enable participation from international suppliers or overseas vendors, the rate contracts will allow government buyers to buy goods and services at pre-negotiated prices over a specified period, reducing need for repeated bidding.
"We are working to add these features," GeM CEO Mihir Kumar told reporters here.
He also said that they are exploring ways to bring works on the platform with an aim to further widen its scope.
Currently, only goods and services providers are registered on the GeM portal, which was launched in 2016 for online purchase of goods and services by all central government ministries and departments. It is mandatory for them to procure goods and services from the portal.
Works include road and building construction, and setting up of big plants and other facilities. Currently, the facility for procuring these works is not available on the GeM platform.
Further, the platform is looking at facilitating transactions worth Rs 7 lakh crore in 2025-26. It was Rs 5.42 lakh crore in 2024-25.
At present, 40-50 per cent of annual procurement is happening through this portal.
"We will focus on states this year. We have to increase the footprint of states," Kumar said, adding the platform now boasts over 1.64 lakh primary buyers and 4.2 lakh active sellers, offering more than 10,000 product categories and over 330 services.
He added that from Rs 5,000 crore worth of equipment for the Akash Missile System to Rs 5,085 crore in vaccine procurement, GeM is powering national priorities at scale.
The platform is also facilitating specialized services such as drone-as-a-service for AIIMS, GIS and insurance solutions covering over 1.3 crore lives, and wet leasing of chartered flights and CT scanners, underscoring its adaptability and growing relevance in complex, mission-critical procurements.
GeM has been adopted across all 36 states and Union Territories. Total eight states - Uttar Pradesh, Maharashtra, Manipur, Gujarat, Himachal Pradesh, Assam, Uttarakhand, Chhattisgarh - have mandated GeM use.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
MORE NEWS
Auto Retail Sales Sustain Momentum in November
Automobile retail sales rise in November, driven by passenger vehicles, commercial...
Chennai Bullion Rates Today
Opening bullion rates in Chennai on December 8th. Check gold and silver prices per...
ICICI Prudential AMC IPO Opens Dec 12
ICICI Prudential AMC''s Rs 10,602-cr IPO opens Dec 12. Price band Rs 2,061-2,165/share....
Adani Green Adopts TNFD for Nature-Positive Growth
Adani Green Energy integrates TNFD framework, shifting to nature-positive renewable...
Equity Markets Decline: Services & Realty Drag
Equity markets fall due to services, realty stocks, and FII outflows. Sensex and Nifty...
Rupee Falls to 90.11 Against US Dollar
Rupee depreciates to 90.11 against the dollar due to crude oil prices, foreign fund...
Punjab Seeks Korean Investment: Mann Visits Seoul
Punjab CM Mann urges Korean investment in Seoul, highlighting industry-friendly...
India-EU FTA Talks with Goyal: Key Issues &...
EU team meets Piyush Goyal to discuss India-EU Free Trade Agreement. Focus on steel,...
AI/ML in Power Distribution: Manohar Lal Keynote
Manohar Lal highlights AI/ML role in power distribution at national conference. Focus...
UIDAI Aadhaar Verification: New Rules & App
UIDAI to mandate registration for Aadhaar verification. New app & rules discourage...
Read More »