GEM Registration Process

 

Many companies, MSMEs, manufacturers and service providers in particular believe that selling to the government is safer than finding buyers to avoid fierce competition. The state electronic marketplace, commonly known as GeM, began with a similar premise.

Government e-Marketplace (GeM) is a flagship initiative by the Indian government to usher in an era of e-governance in the country. India's public procurements stands at 15-20% of GDP. Inefficiencies due to a complex policy landscape, inconsistent manual processes in central and state purchasing organizations and long lead times. Solving these problems can unlock significant value and help channel resources for various development programs and projects.

GeM is an online marketplace reform that offers an open, efficient and transparent solution. The platform was launched on August 9, 2016 and is managed by GeM Special Purpose Vehicle, a 100% government owned company under Department of Commerce.

Government e-Marketplace is a huge portal where sellers can list their goods and services and any government department or ministry or PSU can purchase them. It works like any e-commerce marketplace like Amazon or Flipkart, But in GeM the buyers are only government agencies, and the sellers can be anyone who has signed up to the GeM portal.

The GeM registration process is simple and problem-free and there are no registration fees.

 

GeM registration process:

Since there is no GeM registration fee, sellers can rest assured that they have the most cost-effective way to become part of GeM and offer their services and products.

 

List of documents required:

• What type of business is it? Is it a firm, company, proprietorship, trust, or society?
• Name of the registered business and the related documents
• Aadhaar card and PAN card of the user (mandatory requirement)
• Mobile number of the registered business
• Documents such as CIN, PAN, DIPP, UAM, ITR
• Registered address
• Bank account details
• Active email id

 

Why register on GeM?

·         You get a direct door to the delivery of goods and services to government agencies

·         Minimal marketing effort required

·         Long waiting times and workload for the implementation of public tenders are eliminated, as you will be contacted directly as soon as your products are registered and displayed.

·         Minimum compliance procedure

·         Stay up to date with government requirements and purchasing plans

·         Punctual payment

·         Dynamic pricing based on market conditions

Benefits to sellers

·         Full access to a centralized national procurement portal which means a massive increase in business opportunities across India.

·         Zero registration fee

·         Quotas and benefits for MSMEs and startups with insured purchases in some categories

·         The GeM registration requires the least amount of paperwork. In addition, the GeM portal has an accessible, simple and clear procedure for awarding tenders.

·         With the online GeM portal, transparency, efficiency and speed in the procurement of necessary goods and services have been improved.

 

Benefits to buyers

·         Offers a rich list of products for individual categories of goods / services

·         It provides the search, comparison, selection and purchase functions

·         Allows online purchases of goods and services as and when needed

·         Offers transparency and easy checkout

·         Up-to-date and easy-to-use dashboard for purchasing, monitoring consumables and payments

·         Provision of return policy

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