The Union Cabinet
chaired by the Prime Minister 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 Portal 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-end online
Marketplace for Central and State Government Ministries / Departments,
Central & State Public Sector Undertakings (CPSUs & SPSUs), Autonomous
institutions and Local bodies, for procurement of 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 October, 2017,
the Department may extend the date of closure with proper justification
latest upto 31st March, 2018.