New Delhi, May 17
The Government-e-Marketplace (GeM) has empowered 1,85,408 women-led micro, small and medium enterprises (MSMEs) and 31,005 DPIIT-recognised startups, while redefining public procurement through transparency, efficiency and inclusion, Union Minister of Commerce and Industry, Piyush Goyal, said on Saturday.
In the last financial year (FY25), the GeM order volume reached 72,36,651 with total order value of Rs 543,019 crore.
Established in 2016, GeM provides government buyers with an end-to-end digital platform to carry out public procurement at cost-effective rates.
“Wishing @GeM_India on its 8th Incorporation Day. The platform has redefined public procurement through transparency, efficiency, and inclusion,” Goyal said in a post on X social media platform.
“More than just a marketplace, GeM is a movement — enabling empowerment with: 1,85,408 women-led MSMEs and 31,005 DPIIT-recognised startups,” he further informed.
According to Goyal, in line with Prime Minister Narendra Modi’s vision, “GeM is giving every enterprise a chance to grow and serve India”.
GeM has successfully facilitated the insurance of more than 1.3 crore individuals covering health, life and personal accident insurance policies during the financial year 2024-25.
The insurance service provided comes apart from GeM facilitating the hiring of one million people during FY25.