Tata Consultancy Services Secures Major Contract to Operate India’s Largest Online Procurement Platform, GeM

Tata Consultancy Services (TCS), one of India’s leading IT service providers, has secured a major contract to operate and maintain the government procurement platform, GeM. The announcement was made by Commerce and Industry Minister Piyush Goyal, who emphasized the significance of GeM as India’s largest software exporter.Launched in 2016, GeM is a revolutionary platform that enables all central government ministries and departments to buy goods and services online. The platform has been instrumental in digitizing the procurement process and reducing the time and cost involved in traditional procurement methods. With over 63,000 government buyer organizations and more than 62 lakh sellers offering a full range of goods and services, GeM has registered a remarkable 10x growth in procurement over the last three years.

The new system, expected to be developed by the end of the year, will feature contemporary and modern elements for ease of operation and data analytics, which will assist in procurement decisions. This means that the platform will be even more efficient and user-friendly than it already is, helping government organizations to streamline their procurement process and make better procurement decisions.

GeM CEO PK Singh confirmed that TCS had won the service provider contract to run and manage the platform. TCS has a long-standing reputation for providing top-notch IT services and solutions to clients across the globe. With this new contract, TCS will have the opportunity to demonstrate its expertise and help GeM continue its remarkable growth trajectory.

The announcement of this contract is a significant milestone for both TCS and GeM. It reaffirms TCS’s position as a leading IT service provider in India and underscores GeM’s commitment to providing world-class procurement solutions to the Indian government. The success of GeM is a testament to the power of digitization and its ability to transform traditional business processes.

In conclusion, the new GeM platform is set to revolutionize the procurement process in India, and TCS’s role in its development and maintenance is critical to its success. With its cutting-edge technology and vast experience, TCS is well-positioned to help GeM continue to grow and provide exceptional services to government organizations across the country.