Tata Consultancy Services (TCS) said it has been chosen by the government to overhaul the Government e-Marketplace (GeM). TCS will be tasked to elevate GeM into a state-of-the-art public procurement platform, emphasizing enhanced transparency, efficiency, and inclusivity.

Why It Matters: The GeM platform, an online procurement hub for government bodies, currently handles a gross merchandise value (GMV) of over ₹2 lakh crore but still faces challenges in scalability and meeting the needs of its vast user base.

TCS will create a new solution that leverages cutting-edge technologies. This new GeM platform will be designed for significant scalability, anticipating a six-fold increase in GMV over the coming six years. Furthermore, the platform will utilise advanced artificial intelligence/machine learning technologies for fraud detection, ensuring more transparent operations.

“We also look forward to TCS' expertise in managing mission mode programs. We have a strong aspiration to scale up GeM to transcend geographies," said P K Singh, CEO of GeM.

Read Next: This Micro Cap Stock Has Gone Up 16% In The Past Month, And Porinju Veliyath Just Picked Up A Stake

Editor’s Note: Artificial intelligence was used as a secondary aid in the writing of this story.