New Delhi: Government’s e-marketplace GeM has touched Gross Merchandise Value (GMV) of Rs 4.09 Lakh crore on 23 January 2025. As a result, the portal has grown by 50 per cent over the corresponding period in the previous fiscal. That too with over 2 months to complete this financial year,
The services segment accounted for a lion’s share of Rs 2.54 Lakh Crore (62 per cent of the total GMV), whereas the product segment contributed Rs 1.55 Lakh Crore (translate into 38 per cent of the total GMV). The nearly 100 per cent spurt in services has been augmented with additional procurement of specialized services like printing of debit cards, bulk email services, dark fibre leasing as well as operations management of data centres.
The swift growth of the services segment on GeM in FY 24-25 has significantly fuelled the portal’s upward growth trajectory. With an emphasis on the expansion of the bouquet of service offerings on GeM, 19 new service categories have been introduced on the portal in FY 24-25.
Remarkably, the services segment has grown by almost 100 per cent in comparison to the corresponding period in the previous financial year. By facilitating procurement of specialised services like printing of debit cards, bulk email services, dark fibre leasing, operations management of data centres and more, the platform has enabled government entities to source from reliable vendors resulting in significant efficiency gains.
Central Government entities have been the key contributors to the marked increase in GeM GMV in this FY. The ministries of Coal, Defence, Petroleum & Natural Gas, Power and Steel were the top five procurers on GeM. With a transacted order value of nearly Rs 1.63 Lakh Crore, the Ministry of Coal has emerged as the top procurer, with more than 320 high-value bids, worth approximately Rs 42,000 Crore, placed for Handling and Transport Services by Coal PSUs.
GeM has emerged as a trusted platform not only for procurement of everyday essentials like ration, stationery office equipment etc, but also for very high-end & complex items such as advanced technology systems, missile components etc.
Through continuous simplification and reforms, GeM portal has successfully facilitated over 2.59 Crore orders with a GMV of more than Rs 11.64 Lakh Crore since inception. During the current financial year, GeM also registered another historic feat by processing 49,960 orders in a single day, exemplifying the seamless efficiency and robustness of the GeM ecosystem and its rapid adoption by all stakeholders.
GeM portal’s ability to streamline complex procurement processes, alongside its ability to handle high-volume transactions, has cemented its position as a trusted and indispensable tool for government entities.
With an ever-growing network of over 1.6 Lakh government buyers and over 22.5 Lakh sellers and service providers, GeM is poised to continue driving efficiencies and fostering innovation in the public procurement sector for years to come.
Also Read –
Government Plans State-Backed App Store to Consolidate Digital Services
