Tata Consultancy Services to Leverage its Domain and Technology Expertise to Reimagine the GeM Platform, Enhancing Transparency and Inclusiveness in the Public Procurement Process PRESS RELEASE MUMBAI, August 08, 2023: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has been selected as a strategic partner by the Government of India to transform the Government e-Marketplace (GeM) into a state-of-the-art public procurement platform with enhanced transparency, efficiency, and inclusivity. The GeM platform provides an end-to-end online marketplace for central and state government bodies, including public sector undertakings, for procurement of common use goods and services in a transparent and efficient manner. This e-marketplace currently handles a Gross Merchandize Value (GMV) of over `2 trillion purchased by over 70,000 buyer organizations from over 6.5 million sellers and service providers, including over 800,000 medium and small enterprises. The current platform, while successful, has architectural challenges in scaling up and in meeting the evolving needs of buyers and sellers. The partnership will see TCS design and build a new modern solution leveraging new technologies, while maintaining the current platform. The new GeM platform will be based on e-commerce and e-marketplace principles with multi-tenancy, multi-rule, multilingual, open source, and open-API-based architecture. It will be […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
