GeM Expands Scope with Global Tendering and Rate Contracts

The Government e-Marketplace (GeM) aims to enhance its procurement portal by incorporating global tendering and rate contract functionalities, increasing competitiveness and flexibility. These additions will allow international participation and pre-negotiated pricing, broadening GeM's reach and its annual procurement, expected to reach Rs 7 lakh crore by 2025-26.

Devdiscourse News Desk | New Delhi | Updated: 19-05-2025 16:50 IST | Created: 19-05-2025 16:50 IST

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The Government e-Marketplace (GeM) is set to introduce global tendering and rate contract features to enhance its public procurement portal's flexibility and competitiveness, according to a senior official on Monday.

These new functionalities will open doors for international suppliers while enabling government buyers to lock in pre-negotiated prices, simplifying procurement processes.

GeM CEO Mihir Kumar announced ongoing efforts to integrate these features and broaden the platform's scope, aiming to cover a wider array of works, thereby facilitating transactions that could reach Rs 7 lakh crore by 2025-26.

(With inputs from agencies.)