- NEW DELHI — The Government-e-Marketplace (GeM) has empowered 1,85,408
women-led micro, small and medium enterprises (MSMEs) and 31,005
DPIIT-recognised startups, while redefining public procurement through
transparency, efficiency and inclusion, Union Minister of Commerce and
Industry, Piyush Goyal, said on Saturday.
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- In the last financial year (FY25), the GeM order volume
reached 72,36,651 with total order value of INR 543,019 crore.
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- Established in 2016, GeM provides government buyers with
an end-to-end digital platform to carry out public procurement at cost-effective
rates.
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- “Wishing @GeM_India on its 8th Incorporation Day. The
platform has redefined public procurement through transparency, efficiency, and
inclusion,” Goyal said in a post on X social media platform.
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- “More than just a marketplace, GeM is a movement —
enabling empowerment with: 1,85,408 women-led MSMEs and 31,005 DPIIT-recognised
startups,” he further informed.
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- According to Goyal, in line with Prime Minister Narendra
Modi’s vision, “GeM is giving every enterprise a chance to grow and serve
India”.
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- GeM has successfully facilitated the insurance of more
than 1.3 crore individuals covering health, life and personal accident
insurance policies during the financial year 2024-25.
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- The insurance service provided comes apart from GeM
facilitating the hiring of one million people during FY25.
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- GeM aims to bridge the gap between innovators and
government buyers, enabling faster scale, market validation, and meaningful
contribution to India’s global innovation standing.
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- The government has also stressed upon key reforms in the
public procurement system through the GeM, including robust anti-cartel
safeguards and expert-led interventions to further improve efficiency,
transparency and growth.
