Government e Marketplace (GeM) marks its 9th Foundation Day by achieving a remarkable ₹5.4 lakh crore Gross Merchandise Value (GMV) in the financial year 2024–25. GeM, established in 2016 to revolutionize public procurement, has now become India’s leading digital procurement platform, connecting a wide range of sellers and service providers with government buyers.
Nine Years of Growth and Inclusion
- Onboarded 1.5 lakh women-led enterprises
- Empowered startups, self-help groups (SHGs), artisans, and micro and small enterprises (MSEs)
These initiatives align with GeM’s core objective of democratizing public procurement, enabling everyone from rural artisans to tech startups to participate.
Foundation Day 2025: Theme and Reforms
- Elimination of caution money for sellers
- Rationalization of vendor assessment fees
- Reduced transaction charges, with 97% of orders now exempt
Events to Mark the Milestone
- GeM Seller Samvad – A gathering on 6 August at GeM’s New Delhi office, uniting stakeholders from diverse sectors.
- GeM Manthan – A dialogue platform exploring strategies for a more inclusive and future-ready procurement system.
Technology-Driven Transformation
- Integration of AI and next-gen technologies for enhanced processes and transparency
- Diversification into new service verticals like insurance, manpower, and Mine Development & Operations (MDOs)
- Support for state and PSU onboarding, with widespread training initiatives
- Streamlined, cost-effective procurement through digital processes
- Emphasis on sustainable procurement practices
Key Takeaways for Competitive Exams:
- GeM celebrates 9th anniversary with ₹5.4 lakh crore GMV in FY 2024–25
- Focus on promoting ease, access, and inclusion in public procurement
- Reforms include eliminating caution money for sellers and reducing transaction charges
- GeM emphasizes technology-driven transformation for efficient procurement processes
