Government e Marketplace

Government e Marketplace Latest News

The Government e Marketplace (GeM) has achieved a cumulative Gross Merchandise Value (GMV) of ₹18.4 lakh crore, including crossing ₹5 lakh crore GMV in the financial year 2025–26.  

About Government e Marketplace

• It is India’s national public procurement portal launched in 2016 by the Ministry of Commerce & Industry.
• It enhances transparency, efficiency and inclusivity in procurement.
• It is the portal for procurement of goods and services for all Central Government and State Government Ministries, Departments, Public Sector Units (PSUs) and affiliated.
• Features
  • It is a fully digital, cashless and system-driven platform that offers an end-to-end solution for all government buyers and sellers.
  • It uses AI-powered tools and a multilingual Learning Management System (LMS) to facilitate access to public procurement.
  • It also features voice-enabled navigation and region-specific training modules that support onboarding and transactions for sellers, including those in remote and underserved areas.

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Objectives of GeM Portal

• To increase efficiency, transparency and speed in public procurement
• To provide multiple modes of procurement like direct purchase; bidding with reverse e-auction; e-bidding and direct reverse auction.
• To make ministries/ government departments to mandatorily procure goods and services from the portal
• To enable efficient price discovery; economies of scale and dissemination of best practices

Source: PIB