Government e-Marketplace (GeM) Achieves ₹4 Lakh Crore GMV: Key Highlights and Expansion Plans
| Aspect | Details |
|---|---|
| Gross Merchandise Value (GMV) | ₹4-lakh crore in FY 2023-24, doubling from the previous fiscal year. |
| Service Procurement Growth | Surged by 205% in FY24, contributing nearly 50% to the total GMV. |
| Expansion Plans | Potential opening for consumer use, pending approvals; pilot project planned. |
| Current Ecosystem | 1.5 lakh government buyers; 21 lakh sellers and service providers. |
| Integrated Entities | 89,421 panchayats; 760+ cooperatives. |
| Users | Central and State government ministries, departments, and public sector entities. |
| Product and Service Range | Office stationery, defense equipment, BrahMos missile assembly, logistics, waste management, etc. |
| International Interest | Countries in Africa, South East Asia, and neighboring nations considering GeM's model. |
| Future Enhancements | Development as a unified procurement portal; inclusion of works contracts. |
| Election Initiatives | Dedicated page for election-related goods and services; significant usage in Uttar Pradesh. |