Indian IT company, Tata Consultancy Services has bagged a contract from the Government of India to redesign and build a new version of public procurement platform Government e-Marketplace (GeM).
The GeM platform provides an end-to-end online marketplace to government entities, including public sector undertakings, for procurement of common-use goods and services in a transparent and efficient manner. In its next avatar, GeM is envisaged to be an all-inclusive platform for government procurement, offering improved ease of doing business and transparency.
The Gross Merchandise Value (GMV) of GeM is over Rs 2 lakh crore purchased by 70,000 buyer organisations from more than 65 lakh sellers and service providers, including over 8 lakh medium and small enterprises, TCS said in a statement.
TCS will leverage new technologies such as cloud neutrality and interoperability. It will maintain the current platform and base the new GeM platform on multilingual and open source-based architecture.
The new 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 highly scalable, designed to accommodate the anticipated six-fold growth in GMV over the next six years, the statement said.
The new platform will deploy data analytics to forecast projections and improve supply chain management, and advanced artificial intelligence and machine learning technologies to help identify potential fraud.