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GeM Completes 10 Years Transforming India's Public Procurement Landscape

GeM Completes 10 Years Transforming India's Public Procurement Landscape
For transparent, inclusive public procurement, Government e Marketplace · indianexpress.com

Imagine a giant online shop where the Indian government buys everything it needs, from medicines to drones.

This shop is called GeM, which stands for Government e Marketplace.

It was started on August 9, 2016, by the Prime Minister, and it just turned 10 years old.

Before GeM, buying things for the government was confusing and unfair, and only a few big companies could take part.

GeM made it easy for anyone, including small shops and women-owned businesses, to sell to the government.

More than 1.37 lakh government offices shop here alongside over 25 lakh sellers.

Small businesses now make up about 60 out of every 100 orders placed on the platform.

The marketplace has done business worth about Rs 20 lakh crore in total.

Experts from IIT Delhi studied it and found it saved the country a huge amount of money.

GeM helps make sure taxpayer money is spent wisely and fairly.

Key facts

Platform
Government e Marketplace (GeM)
Launch date
August 9, 2016
Government buyers
1.37 lakh
Sellers and service providers
25 lakh
Annual GMV (last two financial years)
Over Rs 5 lakh crore
Cumulative GMV
About Rs 20 lakh crore
Categories
10,644 product categories; 350 service categories
IIT Delhi study benefit
Rs 86,571.69 crore over the last three financial years

Sources

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