GeM surpasses Rs 5 lakh crore Gross Merchandise Value

The Government e-Marketplace (GeM) has exceeded Rs 5 lakh crore in Gross Merchandise Value, marking a significant growth in public procurement. This milestone was reached more than 18 days before the end of the financial year 2024-25. GeM now serves over 1.6 lakh government buyers and has registered over 22 lakh sellers. Recent policy reforms have improved accessibility for Micro and Small Enterprises, startups, and women-led businesses. Technological upgrades, including a major cloud migration, have enhanced the platform's efficiency. GeM aims to provide a secure and seamless experience for all users, supporting its mission of transparency in government procurement.