Government Recorded More Than Rs. 12,000 Crore Business On GeM

The National Mission on Government e Marketplace (GeM), was launched by the Minister of Commerce and Industry, Suresh Prabhu, on 5th of September 2018. This was followed by the launch of the Mission in 19 States and Union Territories. The Government of India decided to launch a six week long National Mission on GeM from 6th Sept. to 17th Oct 2018 in order to increase awareness, accelerate the use of GeM and to further augment the proven benefits of procurement through GeM for all government departments and organisations.

In two years of its operations, GeM has recorded to date more than 8 lakh transactions worth over Rs.12,239crore. GeM has established itself as an open, transparent, efficient and inclusive platform providing huge savings to the Government. GeM has nearly 27.9 thousand buyer organisations registered and about 1.43 lakh sellers and service providers offering more than 4.86 lakh products and services for online purchase. GeM contributes to approximately 20-25% average overall savings to the Government.

Government e-Marketplace is the National Public Procurement Portal offering an online, end-to-end solution for procurement of common use goods and services by government departments. It is used by Central and State Government Ministries and Departments, Central and State Public Sector Undertakings (CPSUs & SPSUs), autonomous institutions and local bodies. GeM provides an open, inclusive, transparent and efficient online marketplace.

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