Central Railway holds 1-day meet on Govt e-Marketplace
What's the story
The Central Railway held a one-day meeting on the national mission on Government e-Marketplace (GeM) to get more sellers and buyers on board, an official said today. DK Sharma, Central Railway general manager, inaugurated the meet yesterday in Mumbai. The GeM is a paperless, cashless and system driven platform that enables procurement of goods and services by Ministries, departments, PSUs, autonomous bodies etc.
Details
Sharma talks about advantages of GeM
General Manager Sharma said the GeM was a powerful platform that has various advantages for buyers and sellers. He added that the cost of procurement of materials will drastically come down with the increased use of GeM, which in turn will reduce the Railways' operating expenditure. VR Mishra, Principal Chief Materials Manager, CR, also praised the GeM system.
GeM
GeM registered around 4 lakh products, says press release
Over 425 officials from Central, Western and Konkan Railways attended the meet with officials claiming that it was among the highest for such a meet involving government departments. A Central Railway press release said GeM has gained considerable acceptance among government organizations and sellers, registering around 4.25 lakh products and online transactions worth over Rs. 10,500 crore.
Information
Nation-wide 'Mission on GeM' is being observed till October 17
The press release also said that since this (4.25 lakh products) is only a fraction of potential procurement, a nation-wide "Mission on GeM" is being observed from September 6 to October 17 with an aim to have more buyers and sellers on board.