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‘We didn’t allow over 10.5 lakh listings due to overpricing concerns’
The New Indian Express Bengaluru
|May 11, 2026
THE Government e-Marketplace (GeM) achieved a cumulative Gross Merchandise Value (GMV) of ₹18.4 lakh crore in 2025-26.
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In an interview with TNIE’s Pushpita Dey, Mihir Kumar, chief executive officer (CEO) of Government e-Marketplace, spoke about the launch of foreign bidding and the measures being taken to ensure fair pricing on the portal. Edited excerpts:
How does GeM benchmark prices in real time, and why did that mechanism not prevent potential overpricing?
For cases that have already been concluded and where contracts have materialised, the scope is limited to punitive action by the buyer. Each case is unique, so it is difficult to generalise. One broad point is that prices on the portal are dynamic and keep changing.
If a buyer feels that prices on GeM are high — even hypothetically — tools are available to assess them. The Business Intelligence (BI) tool provides historical price trends over the past six months, including the number of contracts awarded and the prices at which they were awarded.
Denne historien er fra May 11, 2026-utgaven av The New Indian Express Bengaluru.
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