GeM 2.0: The Rise of Rate Contracts and Global Tendering
GeM 2.0: The Rise of Rate Contracts and Global Tendering A few years ago, government procurement in India heavily relied on traditional methods, including hectic paperwork and multiple approval processes. To eliminate these obstacles , the Government of India introduced a digital platform in 2016: GeM (Government e-Marketplace). This digital portal connects the government ministries with local suppliers, bringing transparency, speed and digital convenience to GeM Tender buyers. As the system evolved, it became clear that more advanced and globally competitive features were needed, giving rise to an advance d version, GeM 2.0. This revamped portal promotes efficient pricing through rate contracts and opens doors to international market opportunities via Global Tenders. In this blog, we dig deeper into the GeM 2.0 and discover how its advanced capabilities are upgrading the procurement process across India and globally. What is GeM 2.0? GeM 2.0 is the upgraded version of In...