GeM Portal

• 02 Apr 2024

GeM portal ranked as the world's third largest e-commerce platform for public procurement.

• Gross merchandise value (GMV) surpasses Rs.4 lakh crore in the fiscal year 2023-24, exhibiting significant growth.
• GeM facilitates procurement exclusively for government entities, including gram panchayats.
• Defense procurement, including the assembly of BrahMos missiles, is a major activity on the platform.
• Nearly 50% of GMV orders are awarded to marginalized seller segments, promoting inclusivity.
• GeM collaborates with Common Services Centres (CSCs) and India Post offices for seamless procurement, fostering hyper-local economies and job creation.