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The full form of GEM in the context of government procurement is Government e-marketplace. It is an online platform that allows government agencies to procure goods and services from registered suppliers. The platform was launched in 2016 with the aim of improving transparency, efficiency, and value for money in government procurement. However, this is not the only full form of GEM as this acronym can have multiple long forms with different meanings in various contexts. For instance, GEM stands for Gemological Institute of America in the jewellery world.
What is the GEM Portal Used for?
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As mentioned earlier, the GeM portal or the Government e-marketplace portal is used as a one-stop online platform for government procurement in India. It was launched in 2016 by the Ministry of Commerce and Industry. The primary aim of its establishment is to enhance transparency and efficiency in procurement procedures.
Also read – What is the full form of ESMA?
Full Form of GEM in Chat
But it can also be used in a more figurative sense. For example, one might say that a particular government policy is a “gem” if it is well-designed and effective. Or can say that a particular piece of jewelry is a “gem” if it is especially beautiful or valuable.
So, the next time you hear the acronym, don’t be too quick to assume that it means only one thing. It could have many different meanings, depending on the context, whether you are talking about government procurement, gems, and jewelry, or something else entirely.
Popular Full Forms
We hope this blog has helped you understand the GEM Full Form and everything related to it. If you want to know more, find the general full form list on our blog. In the world of short forms, you can rely on the Leverage edu page to know about more important full forms like this! Connect with us study abroad experts to achieve your international dream today!