Cabinet approves setting up of a Special Purpose Vehicle to be called Government e-Marketplace (GeM SPV)

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..... Cabinet approves setting up of a Special Purpose Vehicle to be called Government e-Marketplace (GeM SPV)
News and Press Release
Dated:- 12-4-2017

The Union Cabinet chaired by the Prime M .....

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..... inister Shri Narendra Modi has given its approval for the following:- 1. Setting up of a Special Purpose Vehicle to be called Government e-Marketplace (GeM SPV) as the National Public Procurement Por .....

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..... tal as Section 8 Company registered under the Companies Act, 2013, for providing procurement of goods & services required by Central & State Government organizations. GeM SPV shall provide an end-to-e .....

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..... nd online Marketplace for Central and State Government Ministries / Departments, Central & State Public Sector Undertakings (CPSUs & SPSUs), Autonomous institutions and Local bodies, for procurement o .....

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..... f common use goods & services in a transparent and efficient manner. 2. DGS&D shall be wound up and cease its functions by 31st October, 2017. In case it is not possible to wind up DGS&D by 31st Octo .....

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..... ber, 2017, the Department may extend the date of closure with proper justification latest upto 31st March, 2018.
News - Press release - PIB .....

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