Delhi Aajkal Bureau , Delhi
13 November 2023
In a remarkable achievement, Government e-Marketplace (GeM) has reached a significant
milestone by surpassing Rs 2 Lakh Crore in Gross Merchandise Value (GMV) within less than eight
months of the current fiscal year, surpassing the total GMV inscribed at the end of last fiscal
year (2022-23). The average GMV per day has also witnessed significant growth and reached
more than ₹850 crore per day in the current Financial Year.
Within the constellation of noteworthy contributors to this momentous GMV achievement in
the current financial year, the substantial role played by Central entities, including Central
Public Sector Enterprises (CPSEs), has been truly outstanding, constituting an overwhelming
83% of the total.
Also, the enthusiastic participation of State Governments, comprising the remaining 17%,
further underscores the nationwide embrace of GeM transformative impact on public
procurement. States like Uttar Pradesh, Gujarat, Maharashtra, Delhi, Madhya Pradesh, Jammu
& Kashmir, Odisha, Bihar, Assam, Uttarakhand have placed significant amounts of procurement
orders in the current financial year.
This unparalleled collaboration between the Central and State entities exemplifies a
harmonious synergy, propelling GeM to unprecedented heights of success.
GeMs expansion into the services sector has played a pivotal role in driving its accelerated
adoption. The increase in order value in the services segment has been the brightest chapter in
GeM’s success story with exponential growth over the last 3 years. Services sector has exhibited
a staggering increase in the overall contribution to the total order value transacted through the
platform, having jumped from 23% in FY 21-22 to nearly 46% in the current financial year.
This outstanding accomplishment not only reflects the platform’s rapid growth but also its
pivotal role in transforming public procurement across India. GeMs unprecedented growth can
be attributed to its commitment to fostering efficiency and transparency in public procurement
processes, enabling government agencies to access a wide range of products and services in a
streamlined and cost-effective manner.
The portal displays a diverse catalogue of nearly 312 service categories and more than 11,800
product categories, well-equipping it to adequately match the dynamic requirements of
government buyers at all levels. Cumulatively, GeM has surpassed the Rs 5.93 lakh crore GMV
since inception, with the overwhelming support of its stakeholders. The total number of
transactions on GeM have also crossed 1.8 crore.
Additionally, GeMs unwavering dedication to inclusivity and accessibility stands as a testament
to its visionary approach. The platforms seamless integration with e-Gram Swaraj, aimed at
streamlining Panchayat-level procurement, not only underscores its commitment but also
showcases its unparalleled prowess in connecting with last-mile sellers while meticulously
optimizing costs at the grassroots level of administration. This remarkable endeavour elevates
GeM's impact, demonstrating its far-reaching influence on Indias procurement landscape.
GeM’s multifaceted approach to instilling inclusivity and diversity within the marketplace has
also added to its triumphant success. The platform caters particularly to the unique contexts
and limitations of marginalised seller segments like small and medium enterprises, women
entrepreneurs, startups, and artisans. Its policies have been formulated with the intent to
provide right business opportunities to all firms, irrespective of their size and popularity.
Subsequently, nearly 49% of the total order value transacted through the platform has been
awarded to MSEs. In just 7 months, more than 45000 MSEs have registered as sellers/service
providers registered on GeM.
A hallmark of GeM's success lies in its dedication to cost savings, having enabled the
government to save over ₹45,000 crore since 2016. According to the Economic Survey 2021-22,
GeM's prices were 9.5% lower than other online platforms for 10 out of 22 commodities. GeM's
transformative journey is a testament to transparency, efficiency, and inclusivity driven by
cutting-edge technology and innovation.
As GeM continues to evolve, it remains a cornerstone of the Indian government’s digital
transformation and the & Make in India initiative, promoting the use of domestically
manufactured products and services.
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