Landmark Performance in FY 2024–25
GeM Reaches ₹5.4 Lakh Crore Milestone in Ninth Year: The Government e Marketplace (GeM) has completed its ninth year by crossing an unprecedented ₹5.4 lakh crore in Gross Merchandise Value (GMV) during FY 2024–25. Launched in 2016, the platform has emerged as India’s principal digital procurement hub, designed to ensure openness, efficiency, and fairness in public sector purchases.
Static GK fact: GeM functions under the Ministry of Commerce & Industry and operates entirely under government ownership.
Inclusive Growth Over the Years
Since inception, GeM has expanded its network to include 1.5 lakh enterprises led by women, alongside startups, self-help groups, traditional craftsmen, and micro and small enterprises (MSEs). This initiative has broadened access to government contracts for participants from both remote and urban areas.
Static GK fact: Micro, Small and Medium Enterprises (MSMEs) contribute nearly one-third of India’s GDP.
2025 Foundation Day Focus
The ninth Foundation Day adopted the theme Ease, Access and Inclusion, under which several measures were rolled out to simplify vendor participation. These included:
- Removal of caution money deposits for sellers
- Streamlining of vendor assessment fees
- Exemption of transaction charges for 97% of purchase orders
Celebratory Programmes
Two high-profile events highlighted the anniversary:
- GeM Seller Samvad – Conducted on 6 August at GeM’s New Delhi headquarters, facilitating direct interaction between sellers and officials.
- GeM Manthan – A policy dialogue aimed at building a more inclusive, innovation-driven procurement model.
Static GK fact: New Delhi is the political capital of India and a major centre for policy formulation.
Advancing with Technology
The platform has strengthened its AI-driven and next-generation digital infrastructure to promote transparency in bidding and procurement. It is expanding into fresh service domains such as:
- Insurance products
- Human resource solutions
- Mine Development & Operations (MDOs)
Additionally, states and Public Sector Undertakings (PSUs) are receiving structured training to scale adoption across India.
Static GK fact: India is among the largest digital economies globally, with rapid e-governance penetration.
Sustainable Procurement Vision
GeM is integrating sustainability criteria into its operations, encouraging eco-conscious buying and supporting environmentally responsible suppliers. This aligns with national goals for green growth and ethical procurement.
Static Usthadian Current Affairs Table
GeM Reaches ₹5.4 Lakh Crore Milestone in Ninth Year:
| Fact | Detail |
| Year GeM was launched | 2016 |
| GMV achieved in FY 2024–25 | ₹5.4 lakh crore |
| 9th Foundation Day theme | Ease, Access and Inclusion |
| Women-led businesses onboarded | 1.5 lakh |
| Key anniversary events | GeM Seller Samvad, GeM Manthan |
| Orders exempt from transaction fees | 97% |
| New service sectors | Insurance, Manpower, MDOs |
| Technological focus | AI and advanced digital tools |
| Supervising authority | Ministry of Commerce & Industry |
| Main objective of GeM | Fair, transparent, and inclusive procurement |
