TCS secures to revamp and develop new iteration of Government's GeM portal

Tata Consultancy Services, a major player in the IT industry, announced on Tuesday that it has secured a government contract for the revamp and construction of an updated version of the Government e-Marketplace (GeM), a platform for public procurement. GeM functions as a comprehensive online marketplace catering to both central and state government entities, as well as public sector undertakings. Its purpose is to facilitate the procurement of common-use goods and services in a transparent and efficient manner.

GeM's CEO, P K Singh, envisions the forthcoming iteration of GeM as an all-encompassing platform for government procurement. This new version aims to enhance the ease of conducting business and foster transparency. Singh expressed confidence in partnering with TCS for system integration, citing TCS's unparalleled experience, dedication, and expertise in crafting a top-tier solution for the new GeM.

TCS provided data stating that GeM's Gross Merchandise Value (GMV) has exceeded Rs 2 lakh crore, with over 70,000 buyer organizations engaging with more than 65 lakh sellers and service providers. Notably, this includes over 8 lakh medium and small enterprises. TCS also revealed its intention to employ cutting-edge technologies such as cloud neutrality and interoperability, while maintaining the current platform's foundation. The new GeM platform will be built upon a multilingual and open source-based architecture.

The updated GeM platform is anticipated to be rooted in e-commerce and e-marketplace principles, featuring multi-tenancy, multiple rules, multilingual support, open source components, and an open-API-based framework. Its scalability is designed to accommodate an anticipated six-fold growth in GMV over the next six years, utilizing data analytics to project trends and enhance supply chain management. Moreover, advanced artificial intelligence and machine learning technologies will play a crucial role in identifying potential fraudulent activities, thereby promoting greater transparency throughout its operations.