Government e-Marketplace (GeM) doubled its Gross Merchandise Value (GMV) to ₹4-lakh crore.
In the fiscal year 2023-24, Government e-Marketplace (GeM) doubled its Gross Merchandise Value (GMV).
Currently, GeM has over 1.5 lakh government buyers and 21 lakh sellers and service providers.
It has integrated 89,421 panchayats and over 760 co-operatives with its procurement ecosystem.
Around 50 per cent of the total GMV valued at ₹4-lakh crore can be attributed to procurement of services.
All Central government and departments, including their attached/ subordinate offices, Central and state autonomous bodies, central and state public sector units, and local bodies, buy products from this portal.
Government e-marketplaces provide a variety of products, ranging from eggs and office stationery to vehicles and defence equipment.
The government e-marketplace was launched on August 9, 2016, by the Ministry of Commerce and Industry.
The main objective is to create an open and transparent procurement platform for government buyers.
