Government e-Marketplace (GeM) | GeM Portal touches INR 1 Lakh Crore in Procurement

Government e-Marketplace (GeM) has attained an annual procurement of INR 1 Lakh crore within FY 2021-22. This represents a 160% growth compared to last FY.

Table of Contents

Government e-Marketplace (GeM)- Relevance for UPSC Exam

GS Paper 2: Important Aspects of E-Governance– e-governance- applications, models, successes, limitations, and potential.

Government e-Marketplace (GeM) in News

Government e-Marketplace (GeM) has attained an annual procurement of INR 1 Lakh crore within FY 2021-22. This represents a 160% growth compared to last FY.
In a short span of 5 years, GeM has become one of the biggest government e-procurement platforms in the world.

Performance of GeM

Since the inception of GeM, the cumulative Gross Merchandise Value (GMV) reached INR 1 Lakh crore over 4 and half years, on 23rd March 2021.
On the other hand, the GMV of GeM in the current Financial Year surpassed Rs. 1 lakh crore (Ts. 1 trillion) in less than a year, representing a 160% growth compared to last FY.
The number of orders has also surpassed 31.5 Lakh in the current financial year with growth at the rate of 22%.
States continued to be an important stakeholder with approx. 30% contribution to total GMV.
57% of the total business on GeM has come through the MSME units and over 6% has been contributed by female entrepreneurs.
- It may be noted that the number of women sellers and entrepreneurs on GeM has grown 6 times in a year.
There is also a 44% increase in the number of Services compared to last FY with a 25% contribution in the total GMV (Rs. 25,000 Crore).

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गवर्नमेंट ई-मार्केटप्लेस (जीईएम) | GeM पोर्टल अधिप्राप्ति में INR 1 लाख करोड़ रुपए तक पहुंचा

What is Government e-Marketplace (GeM)?

Government e-Marketplace (GeM) is a dynamic, self-sustaining and user-friendly portal for making procurement by Government officers. It is an online platform for public procurement in India.
- GeM Initiative was launched on August 9, 2016, by the Ministry of Commerce and Industry, GoI.
Development of GeM Portal: Directorate General of Supplies and Disposal (DGS&D) with technical support of the National eGovernance Division (Ministry of Electronics and Information Technology) has developed a GeM portal for procurement of both Products & Services.
- Government e-Market (GeM) is hosted by the Directorate General of Supplies and Disposal.

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What is the Objective of Government e-Market (GeM)?

Government e-Marketplace (GeM) aims to create an open and transparent procurement platform for government buyers.
Government e-Marketplace (GeM) facilitates online procurement of common-use Goods and Services.