GEM marks 10th year milestone as Minister Goyal honours top performers on platform

Prelims-testable facts

• 01The Government e-Marketplace (GeM) was launched on 9 August 2016.
• 02GeM has a community of more than 25 lakh sellers and over 1.37 lakh buyer organisations.
• 03The platform has facilitated cumulative procurement of over ₹20 lakh crore through more than 3.78 crore orders.
• 04More than 2.24 lakh women-led Micro and Small Enterprises (MSEs) have fulfilled over 50 lakh orders valued at more than ₹1 lakh crore.
• 0542,242 startups have secured orders worth more than ₹65,633 crore on GeM.
• 06The Government e-Marketplace (GeM) has evolved from a digital marketplace into a unified public procurement platform connecting government buyers and enterprises across the country.
• 07Union Minister of Commerce and Industry Shri Piyush Goyal called for a new, user-friendly and AI-enabled platform to make public procurement more efficient, cost-effective, transparent and competitive.

Trap alerts

• Most people think GeM was launched by Prime Minister Narendra Modi directly, but actually it was launched under the Ministry of Commerce and Industry.
• Most people think GeM is only for government buyers, but actually it connects government buyers with enterprises across the country.
• Most people think GeM's primary focus is on price intelligence, but actually Piyush Goyal emphasized strengthening last-mile access through GeM's Suvidha Kendras as one of his priorities.