new delhi, Aug 10
The Government e Marketplace (GeM) celebrated its 9th Foundation Day recording notable achievements, including Rs 5.4 lakh crore in Gross Merchandise Value (GMV), in FY 2024–25, on Friday.
Launched in 2016, over the past nine years, GeM onboarded 1.5 lakh women-led enterprises along with startups, self-help groups (SHGs), artisans and micro and small enterprises (MSEs).
With the aim to promote transparent, inclusive and efficient public procurement the platform has grown into a digital procurement system connecting sellers and service providers.
This year’s Foundation Day celebration was held on the theme Ease, Access and Inclusion. Key reforms announced include the elimination of caution money for sellers, rationalisation of vendor assessment fees and a reduction in transaction charges, resulting in exemption for 97 per cent of orders.
Speaking on the occasion, Chief Executive Officer, GeM, Mihir Kumar said, “These reforms demonstrate our intent to make GeM even more inclusive and accessible.”
“Our focus remains on ensuring every enterprise, from tribal artisans to tech-driven startups, can easily access public procurement opportunities,” he added.
To mark the 9 years, a GeM Seller Samvad was organised on 6th August at the GeM office in New Delhi, bringing together participants from different sectors.
GeM Manthan, a dialogue programme, was also held to discuss measures for building a more inclusive and future-ready procurement system.
On the technology front, Ministry of Commerce & Industry highlighted that the platform has implemented technology-driven procurement processes for faster and more cost-effective transactions, expanded into new service verticals such as insurance, manpower and Mine Development & Operations (MDOs), and extended training and onboarding support to state governments, public sector undertakings and local bodies
It said the GeM is adopting AI and next-generation technologies to improve procurement processes, strengthen transparency, enhance user experience and promote sustainability.
