GeM Achieves ₹15 Lakh Crore Procurement Milestone

The Government e Marketplace (GeM) has achieved a major milestone by crossing ₹15 lakh crore in cumulative Gross Merchandise Value (GMV) since its launch in 2016. This accomplishment marks a significant leap in India’s journey towards transparent, efficient, and inclusive public procurement. Over the last nine years, GeM has grown into a pivotal digital platform connecting government departments with a diverse seller base, including Micro and Small Enterprises (MSEs), startups, women-led businesses, SC/ST enterprises, and Self-Help Groups (SHGs).

GeM’s Role in Transforming Public Procurement

A Platform Built on Trust and Inclusivity

GeM was launched with the aim of streamlining the procurement process for government departments, making it faster, transparent, and cost-effective. Its success today reflects widespread adoption across central ministries, state departments, PSUs, and autonomous bodies, and increased participation from small and non-traditional sellers.

According to GeM CEO Shri Mihir Kumar, reaching ₹15 lakh crore GMV is a “testimony to the trust of stakeholders” and a validation of the platform’s inclusive and innovation-driven approach.

Key Features Behind GeM’s Success

Transparent Ecosystem: Every transaction on GeM is digitally tracked, ensuring accountability and auditability at every stage.

Inclusivity in Procurement: GeM has opened up procurement opportunities to groups previously excluded from government contracts,

• MSEs and startups
• Women entrepreneurs
• SC/ST-led businesses
• Self-Help Groups (SHGs)

Simplified Processes: With easy registration, cataloging, and order management tools, entry barriers have been significantly reduced.

Policy & Technology Integration: By integrating policy reforms with digital technology, GeM aligns with the broader vision of Digital India and Viksit Bharat (Developed India).

Achievements and Impact

• Widened Seller Base: Lakhs of sellers across India now have direct access to government buyers, reducing dependence on intermediaries.
• Empowering Small Enterprises: MSEs account for a large share of the orders fulfilled on GeM, supporting job creation and local entrepreneurship.
• Cost Efficiency for Government: Competitive pricing and transparent bidding help optimize public spending.
• Promotion of Digital Governance: GeM stands as a model of end-to-end digital service delivery in governance, enabling faster decision-making and reduced paperwork.

Looking Ahead: Vision for the Future

While this ₹15 lakh crore milestone is noteworthy, GeM’s journey continues with a clear focus,

• Deepening Inclusion: Bringing even more underserved groups into the procurement fold.
• Fostering Innovation: Encouraging sellers to offer innovative and tech-driven solutions to government needs.
• Sustaining Efficiency: Simplifying interfaces and workflows further for both buyers and sellers.

The larger goal is to make public procurement a driver of inclusive economic growth, support the goals of Atmanirbhar Bharat, and help realize the Viksit Bharat vision by 2047.