GeM Gets Ready for Global Tenders

At a Glance ■ Global tender feature to be added by year-end ■ India recently opened its govt procurement to the UK under an agreement ■ Pact also offers similar access to the Indian companies ■ GeM facilitated transactions worth ₹1.41 lakh crore

- FE BUREAU

INDIA'S PUBLIC PROCUREMENT platform, Government e-Marketplace (GeM), will add a global tender enquiry feature to its portal by the end of the current financial year, as access to government contracts is opened to countries with which trade agreements have been finalised or are under negotiation.

"We are adding the global tender enquiry feature...(as) a lot of trade talks are happening, so this functionality is relevant," GeM CEO Mihir Kumar said.