The GeM portal gained a lot of popularity in the e-commerce industry. It has some unique features like government buyers, L1 functionality, Bid and RAs. However, this is not the only reason behind its popularity. The availability of a wide range of products and services also makes it unique on the market. Today, we are going to discuss some products and services.
The Make in India initiative was launched by the Prime Minister in September 2014 as part of a wider set of nation-building initiatives. Devised to transform India into a global design and manufacturing hub, Make in India was a timely response to a critical situation. By 2013, the much-hyped emerging markets bubble had burst, and India’s growth rate had fallen to its lowest level in a decade. The promise of the BRICS Nations (Brazil, Russia, India, China and South Africa) had faded, and India was tagged as one of the so-called ‘Fragile Five’.
Buyers have two ways to procure goods and services from the Gem Portal. One is through Bid/RA and the other is through Direct Purchase.
The buyer can directly purchase goods or services up to Rs 25000. However, for orders valued between Rs 25000 and Rs 500000, the buyer must compare three different OEMs or service providers. These providers must meet the requirements for quality, quantity, specifications, and delivery period.