Govt version of Amazon helps it save $1 billion

The Indian government’s move to shift an aspect of its $400 billion public procurement to an online market platform has just saved the organization about $1 billion so far when it’s attempting to get control over its financial deficiency, as indicated by an administration official.

The four-year-old Government e-Marketplace or GeM, regularly alluded to as the administration’s Amazon.com, helps services and state organizations interface with venders the nation over to purchase PCs, vehicles, seats, and a huge number of different items and administrations at the most reduced conceivable cost. Dealers incorporate a portion of the nation’s greatest organizations, for example, Hindustan Unilever Ltd, Maruti Suzuki India Ltd, and Tata Motors Ltd.

Talleen Kumar, GeM’s CEO, said, “Each penny saved is a penny added to the topline. It’s an expansion to the government’s kitty. He said, In the event that GeM can achieve investment funds in acquisition, that cash can be used by the administration for other significant purposes and needs.”