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The national public procurement portal already surpassed the total order value of goods sold in FY24 by recording GMV of INR 4 Lakh Cr by January 23, 2025
Now, in less than 50 days, it has recorded more than INR 1 Lakh Cr in GMV taking the total above INR 5 Lakh Cr mark
GeM is serving a buyer base of more than 1.6 Lakh government entities with over 22 Lakh sellers registered on the portal as of February 13, 2025
The central government’s e-marketplace (GeM) has surpassed INR 5 Lakh Cr in Gross Merchandise Value (GMV) on its portal before the end of current fiscal year 2024-25 (FY25).
The national public procurement portal already surpassed the total order value of goods sold in FY24 by recording GMV of INR 4 Lakh Cr by January 23, 2025. Now, in less than 50 days, it has recorded more than INR 1 Lakh Cr in GMV taking the total above INR 5 Lakh Cr mark.
“Notably, the leap from ₹4 lakh crore to ₹5 lakh crore was accomplished in less than 50 days since crossing the previous benchmark on 23rd January 2025,” the official statement said.
GeM facilitates online procurement of common-use goods and services required by various government departments, organisations, and public sector undertakings (PSUs). The platform provides opportunities to scale up businesses with central and state governments with a seller-friendly dashboard for monitoring orders and payments.
GeM is serving a buyer base of more than 1.6 Lakh government entities with over 22 Lakh sellers registered on the portal as of February 13, 2025.
By then, the portal onboarded more than 29,000 startups and 1.8 Lakh Udyam-verified women-led businesses, fostering greater inclusivity and economic empowerment.
With over 1.6 Lakh registered government buyers encompassing central and state ministries, departments, public sector enterprises, panchayats, and cooperatives, the portal claims to have facilitated more than INR 1,15,000 Cr in public savings.
“In FY 2024-25, GeM executed one of the largest cloud migrations by a government organization in India. This migration is expected to enhance the platform’s scalability, ensuring a secure, reliable, and seamless experience for both buyers and sellers,” the release added.
It further highlighted key initiatives taken by GeM including reduction in transaction charges, vendor assessment fees and caution money.
In January, the commerce ministry in a statement mentioned that the growth in the services segment has fuelled the marketplace’s upward growth trajectory. While product segment brought in 38%, translating to INR 1.55 Lakh Cr of the GMV, services contributed 64% to the total GMV with INR 2.54 Lakh Cr.
