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India’s Government e Marketplace (GeM) has carved a significant path in the realm of digitally-enabled public procurement, culminating in a landmark achievement of ₹4 lakh (US$53 billion) crore Gross Merchandise Value (GMV) at the close of this fiscal year. This milestone, representing a doubling of its GMV from the previous fiscal year, speaks volumes about GeM’s transformative impact on procurement processes across India.
One of the most notable facets of GeM’s growth trajectory is the surge in services procurement. With a staggering 205% increase in services procured through the platform, accounting for nearly half of the overall GMV, GeM has proven to be a pivotal force in facilitating efficiency, transparency, and accessibility in public procurement processes. This surge underscores the platform’s ability to adapt to the evolving needs of buyers and sellers, positioning itself as a comprehensive solution for all procurement requirements.
GeM’s inclusive approach has democratised access to government tenders, empowering small domestic entrepreneurs to participate in procurement processes with ease. By breaking down traditional barriers and creating a level playing field, GeM has provided marginalised segments such as artisans, weavers, MSEs, women-led enterprises, SC/STs, SHGs, FPOs, and startups with unprecedented opportunities. Nearly half of the orders placed on GeM have been awarded to these segments, showcasing the platform’s commitment to fostering inclusive growth and economic empowerment.
The surge in GeM’s GMV is not solely attributed to increased procurement activities but also to heightened engagement from states and central entities. Leading states such as Gujarat, Uttar Pradesh, and Delhi have played a pivotal role in driving this growth, surpassing earmarked public procurement targets for the fiscal year.
Additionally, central entities, including ministries and CPSEs, have significantly contributed to GeM’s success, accounting for nearly 85% of the ₹4 lakh crore (US$53 billion) milestone. This collaborative effort underscores the platform’s ability to serve as a catalyst for efficient and transparent procurement practices at both the state and central levels.
At the heart of GeM’s success lies its extensive network of government buyers and sellers, comprising over 150,000 buyers and 2.1 million sellers and service providers. Through comprehensive onboarding initiatives and integration with grassroots institutions such as Panchayats and Cooperatives, GeM has facilitated sustainable procurement practices and optimised public spending at the grassroots level. This grassroots engagement has not only expanded the platform’s reach but also strengthened its impact on local economies across India.
GeM’s journey towards achieving the ₹4 lakh crore (US$53 billion) milestone has been bolstered by continuous technological advancements. In collaboration with leading tech firm Tata Consultancy Services, GeM has embarked on a mission to revamp its technological infrastructure. By leveraging new-age technologies, GeM aims to enhance user experience, improve transparency, and foster greater inclusivity. This commitment to innovation underscores GeM’s proactive approach to staying at the forefront of digital transformation in public procurement.
As GeM continues to disrupt the domain of public procurement, it remains committed to its core principles of efficiency, transparency, and inclusivity. With over 12070+ product categories and 320+ service categories, GeM has emerged as a one-stop solution for seamless procurement processes, offering opportunities for sellers and service providers across India to showcase their offerings and participate in government tenders transparently.
GeM’s remarkable journey from humble beginnings to achieving the ₹4 lakh crore (US$53 billion) GMV milestone is a testament to its unwavering commitment to driving digital transformation in public procurement. As it continues to evolve and innovate, GeM is poised to remain a pioneering force, revolutionising procurement practices and fostering inclusive growth across India.
