GeM Crosses INR 5 Lakh Cr GMV Before FY25 End

The Government e-Marketplace (GeM) has surpassed INR 5 lakh crore in Gross Merchandise Value (GMV) before the end of FY25. This milestone highlights GeM's significant role in public procurement, facilitating transparent and efficient transactions between government buyers and sellers. The platform's growth underscores the increasing adoption of digital procurement practices in India. GeM's success can be attributed to its user-friendly interface, competitive pricing, and wide range of product offerings. The platform has contributed to cost savings for government agencies and promoted the participation of small and medium enterprises (SMEs) in public procurement.