GeM stands for Government e-Marketplace. It is an online procurement platform launched by the Government of India to facilitate transparent, efficient, and paperless buying and selling of goods and services required by government departments, public sector units, and organizations.
Key points about GeM:
Acts as a one-stop portal for government procurement.
Allows sellers (manufacturers, service providers, MSMEs, startups) to list their products and services.
Enables buyers (government agencies) to directly purchase from registered vendors.
Promotes ease of doing business with transparent pricing and no intermediaries.
Integrates digital payment systems and online order tracking.
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