For transparent, inclusive public procurement, Government e Marketplace

Government e Marketplace (GeM), a platform created by the Government of India, has become a world leader in transparent and efficient public procurement. Since its launch in 2016, GeM has united 1.37 lakh government buyers with 25 lakh sellers and service providers, streamlining all major procurement functions into one large-scale digital marketplace. This initiative embodies Prime Minister Narendra Modi's vision of Viksit Bharat 2047, promoting inclusive development and eliminating corruption in the procurement process.

GeM's user-friendly platform has replaced the opaque and uncompetitive systems of the Directorate General of Supplies and Disposals, giving fair opportunities to startups, MSMEs, women entrepreneurs, and businesses in small towns. As a result, approximately 60 percent of orders by volume and over 45 percent of the Gross Merchandise Value (GMV) on GeM come from these entities.

The platform has eliminated discretion, promoted fair competition, and strengthened public trust by providing an auditable digital trail for every transaction.

GeM's success is a testament to its role as a catalyst for inclusive growth, entrepreneurship, and economic empowerment. It has democratized access to public procurement, enabling startups, small businesses, and women-led enterprises to showcase their products and services to government buyers without intermediaries. This has not only empowered small businesses but also contributed to local value chains and indigenous production.

The platform's achievements have led to a monetised benefit of Rs 86,571.69 crore over the last three financial years, reflecting the efficiency gains in price and process. With an annual GMV of Rs 5 lakh crore and a cumulative value of about Rs 20 lakh crore, GeM is a pivotal engine driving India's economic growth and development objectives.

As it enters its second decade, GeM aims to evolve into a smarter, greener, and globally benchmarked platform, harnessing emerging technologies while deepening the participation of stakeholders, particularly innovators, startups, small businesses, women, youth, and entrepreneurs from smaller towns and underprivileged sections.