E-marketplace

Public procurement platform GeM is upgrading its portal to handle higher data load and roll out a future-ready platform this year, its CEO Mihir Kumar said. With the Government e-Marketplace (GeM) platform completing nine years, GeM is replatforming itself which will be a "data lake" for frictionless buyer-seller interface, Kumar told PTI. "We are discussing how we can bring about ease of selling and buying on the GeM portal. How we can scale it up so that we can take data load of 5 times or 10 times of the present volume. We will be rolling out a future-ready platform in the current year," Kumar said. The government e-Market (GeM) portal was launched on August 9, 2016, for online purchases of goods and services by all the central government ministries and departments. Since its launch, over Rs 17.33 lakh crore worth of government procurement has happened through it. So far in the current fiscal, more than Rs 4 lakh crore goods and services were procured from GeM, with over 50 lakh

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WAVES Bazaar, the premier global e-marketplace for the Media and Entertainment (M & E) industry, is set to make a powerful impact in its inaugural edition, taking place from May 1-4, 2025, at Jio World Convention Centre, Mumbai.As a key component of WAVES 2025, the marketplace will bring together industry leaders from Film, TV, and AVGC (Animation, VFX, Gaming, and Comics) sectors, offering unparalleled opportunities for collaboration, content showcasing, and business expansion.With an ambitious vision to establish India as a global content hub, WAVES Bazaar will feature a range of exclusive segments, including the Viewing Room, Market Screenings, Buyer and Seller Meetings, and the dynamic Pitchroom, facilitating meaningful connections and driving cross-border partnerships.Viewing Room & Market Screenings: Unlocking New Content Horizons:WAVES Bazaar will host curated screenings of films, series, and AVGC projects, providing buyers, sales agents, and distributors with ...

The company also reduced its net loss by 28 per cent during the year to Rs 3,469 crore, showed financial data sourced from business intelligence firm Tofler

GeM is in the process of finalising a proposal and sending it to the commerce and industry ministry that will thereafter seek the union Cabinet's approval

The procurement of goods and services from the government portal GeM has crossed Rs 2 lakh crore so far this fiscal due to higher buying activities by different ministries and departments. The government e-Market (GeM) portal was launched on August 9, 2016, for online purchases of goods and services by all the central government ministries and departments. "Gem of a landmark! Government e-Marketplace achieves an impressive Rs 2 lakh crore gross merchandise value in just eight months of 2023-24," Commerce and Industry Minister Piyush Goyal said on social media platform X. In 2021-22, the procurement value stood at Rs 1.06 lakh crore. It crossed Rs 2 lakh crore last year, and going by the trend this year, it may cross Rs 3 lakh crore. GeM has over 63,000 government buyer organisations and over 62 lakh sellers and service providers, offering a wide range of products and services. Currently, government departments, ministries, public sector units, state governments, and central armed

Procurement through GeM exceeds over Rs. 18,790 crore in FY 2023-24

GeM was integrated with SAHAY to launch the GeM-SAHAY app over two years ago, to address the credit availability challenges faced by sole proprietors on GeM

GeM acts as an end-to-end online marketplace for central, state govt bodies, including PSUs

Provision of penal interest on delayed payments to start from July

On March 30, GeM completed five million transactions in a single financial year for the first time ever

To acquire majority stake in OZiva maker, 19.8% in Nutritionalab

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Cumulatively, GeM has surpassed GMV worth Rs 3 trillion since inception and the number of transactions on GeM exceeded 12 million

G20 Presidency an opportunity to showcase ODOP products

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More than 400 cooperative societies have registered on the Government e-Marketplace (GeM) portal in last three months, Union Minister B L Verma said on Monday. On June 1, the Union Cabinet had given its approval for expanding the mandate of GeM to allow procurement by cooperatives as buyers on GeM. But it was on August 9, the cooperatives were formally onboarded the portal. "So far, more than 400 cooperatives have registered on the GeM portal and begun the trade," the Minister of State for Cooperation said. He was addressing the 69th All India Cooperative Week organised by National Cooperative Union of India (NCUI) here. Organic products, especially from North-East do not find a right market. Be it organic or other products, cooperatives can sell these items on the GeM portal, he added. Besides this, the minister said the government has taken several measures to strengthen and expand cooperatives since formation of a new cooperation ministry in July 2021. On setting up of a new .

Flipkart's operating loss or EBITDA (earnings before interest, taxes, depreciation, and amortisation) loss stood at Rs 3,925 crore, which was up from Rs 2,267 crore in the previous fiscal

The JioBook is currently available for government department employees via the GeM at Rs 19,500. For others, it is expected to be available around Diwali

The Centre has incrementally been expanding the GeM shopping basket by offering over 300 services and 10,000 goods categories for government sector buyers