Under the transformative leadership of Prime Minister Narendra Modi, who completes 11 years in office, the Government e-Marketplace (GeM) has achieved a remarkable milestone by surpassing a Gross Merchandise Value (GMV) of ₹4.09 lakh crore within the first 10 months of Fiscal Year 2024-25. This feat, announced by the Ministry of Commerce & Industry, reflects a nearly 50% growth compared to the same period in the previous fiscal year, cementing GeM’s role as a cornerstone of India’s digital procurement revolution.
Launched in August 2016, GeM has emerged as a trusted platform for transparent and efficient public procurement, serving over 1.6 lakh government entities and 22.5 lakh sellers and service providers. The platform’s GMV for FY 2024-25, achieved by January 23, 2025, outpaces last year’s historic high of ₹4 lakh crore, driven significantly by the services segment, which accounted for ₹2.54 lakh crore (62% of total GMV). The product segment contributed ₹1.55 lakh crore (38%). The services segment’s near-100% growth, fueled by the addition of 19 new service categories, has enabled government entities to procure specialized services like debit card printing, bulk email services, dark fiber leasing, and data center operations management with enhanced efficiency.
Central government entities, particularly the ministries of Coal, Defence, Petroleum & Natural Gas, Power, and Steel, have been pivotal in this surge. The Ministry of Coal led as the top procurer, with a transacted order value of nearly ₹1.63 lakh crore, including over 320 high-value bids worth approximately ₹42,000 crore for handling and transport services by Coal PSUs. GeM’s versatility is evident in its facilitation of both everyday essentials, such as rations and stationery, and high-end, complex items like advanced technology systems and missile components.
The platform’s operational excellence was further highlighted by processing 49,960 orders in a single day during FY 2024-25, showcasing its robustness and widespread adoption. Since its inception, GeM has facilitated over 2.59 crore orders, amassing a cumulative GMV of more than ₹11.64 lakh crore. Continuous reforms, including simplified processes and reduced transaction charges, have made GeM more accessible, particularly for Micro and Small Enterprises, startups, and women-led businesses.