GeM Celebrates 9 Years of Transforming Public Procurement in India

The Government e Marketplace (GeM) recently celebrated its 9th Foundation Day, highlighting its decade-long journey in revolutionizing public procurement in India. Launched in August 2016, GeM has become a pivotal platform for transparent, inclusive, and efficient governance aligning with the Prime Minister's vision of 'Minimum Government, Maximum Governance.'

Over the past nine years, GeM has positioned itself as India's foremost digital procurement platform. It has empowered sellers, including women entrepreneurs, startups, and marginalized groups, facilitating Rs 5.4 lakh crore in gross merchandise value (GMV) in 2024-25 alone. By streamlining procurement processes, GeM has enhanced accessibility, equity, and empowerment, fostering a more inclusive governance model.

GeM's Foundation Day events focused on 'Ease, Access, and Inclusion,' committing to a more accessible procurement process. Reforms like eliminating caution money, rationalizing vendor assessment fees, and reducing transaction charges were introduced, exempting 97% of orders. These efforts, combined with stronger support for small enterprises, have reinforced GeM's identity as an inclusive platform connecting remote entrepreneurs to government buyers.

At a Seller Samvad event on August 6, 2025, in New Delhi, GeM brought together entrepreneurs to celebrate '9 Years of GeM.' The GeM Manthan dialogue facilitated actionable pathways for a more inclusive, future-ready procurement ecosystem. As it approaches its 10th year, GeM commits to a citizen-centric, data-driven approach, bridging policy and grassroots involvement.

GeM CEO Mihir Kumar stated, 'Our focus remains on making public procurement accessible for all enterprises, from tribal artisans to tech startups.' Echoing this sentiment, he reiterated that GeM is not merely about numbers but about people, enhancing governance with transparency and transformation. (ANI)

(With inputs from agencies.)