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PRESS INFORMATION BUREAU

2-November -2023

1. Government e-Marketplace (GeM) witnesses remarkable growth in Service Procurement.

Topic: GS2 – Digital governance

Context:

  • GeM, India’s government procurement platform, has seen remarkable growth in service procurement.
  • Transaction value increased from INR 8,505 crore in FY 20-21 to INR 65,957 crore.
  • GeM’s commitment to streamlining procurement processes and enhancing transparency is evident.

Government e-Marketplace (GeM)

  • Digital Procurement: GeM facilitates the digital procurement of goods and services by government departments and agencies.
  • Centralized Marketplace: It operates as a centralized marketplace for various government purchases.
  • Efficiency and Transparency: GeM aims to enhance the efficiency and transparency of government procurement processes.
  • Transaction Value Growth: GeM has witnessed significant growth in transaction values over the years.
  • FY 20-21 Transaction Value: In FY 20-21, the transaction value was approximately INR 8,505 crore.
  • Impressive Growth: Recent data indicates a substantial increase in transaction value, reaching INR 65,957 crore.
  • Streamlining Procurement: GeM is committed to streamlining government procurement procedures.
  • Support for SMEs: The platform supports small and medium-sized enterprises (SMEs) by providing them access to government procurement opportunities.
  • Digital India Initiative: GeM aligns with the Digital India initiative, contributing to the digitization of government processes.

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