The forward auction module of the Government e-Marketplace(GeM) aligns with national priorities under 'Minimum Government, Maximum Governance', embedding speed, fairness, and value creation into the disposal of public assets. With departments now able to set reserve prices, define participation criteria, and monitor bidding, the asset disposal process has evolved into a transparent, competitive and value-maximising mechanism. - Generated by AI Read more at: https://www.pib.gov.in/PressNoteDetail
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