Rapid Fire
GeM Marks 9 Years of Transforming Public Procurement
- 12 Aug 2025
- 1 min read
The Government e-Marketplace (GeM) marked its 9th Foundation Day with the theme “Ease, Access and Inclusion.”
Government e-Marketplace
- About: GeM, launched in 2016 by the Ministry of Commerce, is an online platform for procurement of goods and services by Central and State Government Ministries, Departments, Public Sector Units (PSUs), and their affiliates.
- It is managed by GeM Special Purpose Vehicle (SPV), a 100% government-owned, not-for-profit entity.
- The Ministry of Finance has made purchases through GeM mandatory for government purchases under the General Financial Rules, 2017.
- Objective: It promotes transparency, efficiency, and fairness in government procurement, streamlining processes and curbing corruption.
- Independent assessments, including from the World Bank, validate GeM’s impact, noting an average cost saving of nearly 10% in government procurement.
- Inclusivity: It empowers over 10 lakh MSEs, 1.3 lakh artisans and weavers, 1.84 lakh women entrepreneurs, and 31,000 startups in the GeM ecosystem.
- Also, GeM has introduced GeMAI, India’s first generative AI-powered public sector chatbot, with voice and text support in 10 Indian languages.
| Read More: Government e-Marketplace |
