The commerce ministry on Monday announced that the Government e-Marketplace (GeM) has crossed a major milestone, exceeding Rs 5 lakh crore in Gross Merchandise Value (GMV) well before the financial year 2024-25 concludes.
This achievement solidifies GeM’s role as a key facilitator of public procurement, catering to over 1.6 lakh government entities.
The latest Rs 1 lakh crore surge in GMV was achieved in less than 50 days since reaching the Rs 4 lakh crore mark on 23 January 2025.
Recent policy changes have contributed to this rapid growth, making it easier for sellers to participate in government procurement.
Measures such as lower Transaction Charges, reduced Vendor Assessment fees, and relaxed Caution Money requirements have particularly benefited Micro and Small Enterprises (MSEs), startups, and women-led businesses.
By 13 February 2025, the platform had registered more than 22 lakh sellers and service providers.
This year also marks the sixth anniversary of SWAYATT (Startups, Women, and Youth Advantage Through eTransactions), reinforcing GeM’s commitment to integrating priority seller groups into the procurement ecosystem.
So far, over 29,000 startups and 1.8 lakh Udyam-verified women-led businesses have joined the platform, further promoting inclusivity and economic empowerment.
GeM has also invested in technological upgrades to enhance procurement efficiency.
One of its major initiatives in FY 2024-25 was executing one of India’s largest cloud migrations by a government entity.
This shift will likely improve platform scalability and ensure a seamless experience for buyers and sellers alike.
Prime Minister Narendra Modi envisioned GeM as a transparent and open procurement system for government buyers, launching it on 9 August 2016 under the Ministry of Commerce and Industry.
It continues to operate on the principles of openness, fairness, and inclusivity.
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