GeM pips MNCs to win procurement excellence award

London-based Chartered Institute of Procurement & Supply (CIPS) has adjudged India’s state-run e-commerce portal—Government e Marketplace (GeM)—as the winner of the CIPS Excellence in Procurement Awards 2021 in the ‘Best Use of Digital Technology’ outshining contenders like Jaguar Land Rover, Royal Dutch Shell and Vendigital, an official statement said.

The GeM portal—a public procurement platform—has served about 7.61 million orders worth ₹1,39,884 crore from over 2.7 million registered sellers and service providers for more than 54,600 government buyers since its inception in August 2017. More than 56.9% of the total order value catered to over 723,000 small enterprises.