Govt e-Marketplace achieves Gross Merchandise Value of Rs 1.5 lakh crore in current fiscal

Government e-Marketplace has achieved a Gross Merchandise Value of 1.5 lakh crore rupees in the current fiscal. Commerce and Industry Ministry said that going by the current run rate, GeM is suitably placed to exceed its annual target of 1.75 lakh crore rupees.

GeM has surpassed the 3 lakh crore rupee Gross Merchandise Value since inception, with the support of its stakeholders. The total number of transactions on GeM has also crossed 1.3 crore.

GeM has over 66 thousand government



buyer organisations and more than 58 lakh sellers and service providers offering a diverse range of goods and services.

The portal features over eleven thousand product categories with more than 29 lakh listed products, as well as over 270 service categories with more than 2.5 lakh service offerings. Based on various studies, the minimum savings on the platform are about 10 per cent, This amounts to savings of over 30 thousand crore rupee worth of public money.