GeM and Punjab Government sign MoU for Setting up Project Management Unit

GeM, the national public procurement portal launched in August 2016 transformed the public procurement landscape in the country with transparency, efficiency and inclusion.
Vamsi Athreya

Updated: Sep 12,2019 10:31:45 am

GeM and Punjab Government sign MoU for Setting up Project Management Unit

12 September 2019 Current Affairs:Government e-Marketplace (GeM) under the Department of Commerce, Ministry of Commerce & Industry and Government of Punjab, signed MoU to set up a GeM Organizational Transformation Team (GOTT) Project Management Unit (PMU) in the state. The MoU was signed by Additional CEO, GeM, S. Suresh Kumar, and Director Industries.

Government e Marketplace (GeM) 
GeM, the national public procurement portal launched in August 2016 transformed the public procurement landscape in the country with transparency, efficiency, and inclusion.  
Their main aim is to strengthen and enable Government departments towards a market-based procurement, Department of Expenditure, Ministry of Finance, Government of India has advised Ministries and Departments of Central and State Governments to consider services of GOTT on an outcome-based self-sustenance model. GOTT will assist the buyer agency to redesign the procurement processes and enhance competencies to derive maximum benefit.
Government of Punjab is the first State which will establish GOTT PMU for effectively utilising this transformational initiative towards inclusive, efficient and transparent procurement. 
It is projected that through the initiatives of GOTT PMU, Government of Punjab will be able to transact around Rs 1700 crore in terms of annual Gross Merchandise Value (GMV) on GeM platform in the first year and over Rs 3000 crore per annum, over a period of time.
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