GeM crosses Rs 15 Lakh Crore milestone in cumulative Gross Merchandise Value

Creating a historic milestone, the Government e Marketplace (GeM) has crossed Rs 15 Lakh Crore in cumulative Gross Merchandise Value (GMV) since its inception in 2016.

This achievement underlines the trust and confidence of buyers and sellers across India in GeM’s vision of creating a transparent, efficient, and inclusive public procurement ecosystem, the Ministry of Commerce & Industry said in a statement on Monday.

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Over the past nine years, GeM has evolved into a robust digital platform, bringing together government buyers and a diverse community of sellers, including Micro and Small Enterprises (MSEs), startups, women-led businesses, SC/ST Enterprises, and Self-Help Groups (SHGs).

Speaking on the occasion, Mihir Kumar, CEO, GeM, said, “Crossing the Rs 15 Lakh Crore GMV milestone is a testimony to the trust our stakeholders have placed in GeM. This success belongs to the lakhs of sellers and buyers who have transformed the way public procurement is carried out in India.”

“Our focus will continue to be on deepening inclusivity, simplifying processes, and fostering innovation so that opportunities reach every corner of the country. Together, we are building a transparent, accountable, and digitally empowered procurement ecosystem aligned with the vision of Viksit Bharat,” Kumar added.

Each transaction on GeM reflects more than procurement; it signifies efficiency, accountability, and empowerment.

By simplifying processes, reducing entry barriers, and embedding transparency through policy and technology, GeM has enabled opportunities to reach the last mile while fostering entrepreneurship, innovation, and equitable growth, the statement added.

According to the data available on the portal, women entrepreneurs comprise 8 per cent of the total seller base on the GeM, with a cumulative 177,786 Udyam-verified women micro and small enterprises (MSE) registered on the portal.