GeM Registration in India
GeM stands for Government e-Market Place. GeM Registration is an online commercial portal started in 2017 by the government. GeM Online Registration simplifies the process of obtaining the goods and services that are commonly used. This procurement process is taken place under the surveillance of government officers. This market place offers the facility of online bidding and reverse e-auction. Online GeM Seller Registration helps the government users to get the best worth out of the money spent by them.
Emergence of electronic market place eradicates the interference of human as all the functions are performed online. GeM online Registration handles all the purposes of seller Registration online, placing orders and payment procedures. GeM portal Registration as seller is an open support for all the suppliers who want to work with the government.
What do you mean by public procurement?
Every business whether private or public needs to buy some goods and services to perform the necessary works in the office and survive in the market. Public procurement, also known as government tenders is a procedure in which the central government, state government and the public sector undertakings purchases goods and services from the private sectors.
Government sectors allow the private sectors to sale their goods and services to them but they need to follow certain strict rules and regulations. This rule is set just for the sake of satisfaction that the purchase is done effectively and efficiently.
Why do we need to choose GeM Seller Registration?
GeM Seller Registration proves beneficial and in this way everyone can choose the best option. It also authorizes small units to enter the vast online platform which enables them to sell their goods and services to various public sector undertakings.
GeM online Registration provides complete security and transparency in the purchase of goods and services and payment to suppliers. GeM portal helps the state and central government to buy goods and services directly from private sector vendors.