Business

Government E-Marketplace Hits Rs 4 Lakh Cr GMV In Just 10 Months

The Government e-Marketplace (GeM) has surpassed Rs 4 lakh crore in gross merchandise value (GMV) within just 10 months of the current fiscal year (FY25). As of January 23, GeM’s GMV reached Rs 4.09 lakh crore, marking a nearly 50% increase compared to the same period last year, according to the Ministry of Commerce and Industry.

The services segment led the growth, accounting for Rs 2.54 lakh crore, or 62% of the total GMV. The product segment contributed Rs 1.55 lakh crore, making up the remaining 38%. The services sector’s impressive growth, which has nearly doubled from the previous fiscal year, has been key to GeM’s overall success.

Also Read: India’s Travel Sector Booms With Smart Tech, Sustainability, And New Job Opportunities

In FY25, 19 new service categories were introduced, expanding GeM’s offerings. Services such as debit card printing, bulk email services, and dark fiber leasing have enabled government entities to source from reliable vendors, improving efficiency.

Central government departments have been major contributors to this growth. Ministries of coal, defense, petroleum, power, and steel have led procurement efforts on the platform. The Ministry of Coal, in particular, emerged as the top procurer, with a transacted order value of nearly Rs 1.63 lakh crore.

GeM has processed over 2.59 crore orders since its inception, totaling more than Rs 11.64 lakh crore in GMV. This fiscal year, the platform achieved another milestone by processing 49,960 orders in a single day, showcasing its growing efficiency and widespread adoption.

The continued simplification and reform of the GeM portal have played a key role in its success.

Shibra Arshad

Recent Posts

PM Modi To Inaugurate Centenary Celebrations Of Acharya Shri Vidyanand Ji Maharaj

Prime Minister Narendra Modi will inaugurate the 100th birth anniversary commemoration of Acharya Shri Vidyanand…

29 mins ago

No Central Water Tax On Farmers; PIB Debunks Fake Social Media Claims

The Ministry of Jal Shakti has refuted viral social media claims suggesting that the Centre…

56 mins ago

‘Kaanta Laga’ Girl Shefali Jariwala Passes Away At 42 In Mumbai: Live Updates

Shefali Jariwala, best known as the ‘Kaanta Laga girl’, has died at the age of…

1 hour ago

UN Chief Urges Immediate Ceasefire In Gaza; Highlights Deepening Humanitarian Crisis

UN Secretary-General Antonio Guterres has called for an immediate ceasefire in Gaza, following the temporary…

2 hours ago

Horoscope Today, 28 June 2025: Know What Your Zodiac Sign Says!

Horoscope Today, 28 June 2025: Curious what the stars have in store? Discover how your…

4 hours ago

4415 Indians Evacuated From Iran And Israel Under ‘Operation Sindhu’: MEA

India evacuated 4,415 nationals from Iran and Israel under Operation Sindhu, the MEA said Friday,…

11 hours ago