Home India Ministry of Commerce and Industry GeM Celebrates 8th Incorporation Day...
Date: 2025-05-19 Category: Not Applicable State: Union Government Country: India

GeM Celebrates 8th Incorporation Day

Issued by Ministry of Commerce and Industry · Not Applicable

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Executive Summary & Key Takeaways

On its 8th Incorporation Day, the Government e-Marketplace (GeM) reaffirmed its commitment to inclusive economic growth and digital governance in public procurement. GeM has experienced significant growth, with a threefold increase in its user base and now includes over 1.64 lakh primary buyers and 4.2 lakh active sellers, offering over 10,000 product categories and 330 services. A key focus has been empowering Micro and Small Enterprises (MSEs), artisans, weavers, women entrepreneurs, and startups, with over 10 lakh MSEs, 1.3 lakh artisans and weavers, 1.84 lakh women entrepreneurs, and 31,000 startups now part of the platform. GeM has also implemented reduced transaction fees and caution money deposits, particularly benefiting smaller sellers. The platform has facilitated significant transactions, including equipment for the Akash Missile System and vaccine procurement, and supports complex services across various sectors. GeM has been adopted across all States and Union Territories, with several states mandating its usage and integrating it with their financial management systems. Enhancements include advanced analytics for fraud detection and the launch of GeMAI, India's first generative AI-powered chatbot in the public sector, supporting multiple Indian languages to improve user support.

Key Entities Referenced

Ministry of Commerce Industry: A governmental ministry, likely in India, overseeing commerce and industry. GeM: Government e Marketplace, India's national public procurement portal. 8th Incorporation Day: The anniversary of the establishment of GeM. Indias first GenAI chatbot: GeMAI, a generative AI-powered chatbot launched by GeM in the public sector. MSEs: Micro and Small Enterprises onboarded through the GeM platform. PIB Delhi: Press Information Bureau, Delhi - the source of the press release. Shri Mihir Kumar: CEO of GeM. World Bank: An international financial institution that has assessed GeM's impact. Economic Survey: An Indian economic report that has validated GeM's impact. Akash Missile System: A defense system for which equipment was procured through GeM. AIIMS: All India Institute of Medical Sciences, which utilizes drone-as-a-service enabled by GeM. Uttar Pradesh: The leading state in GeM adoption. Maharashtra: One of the eight states that have mandated GeM usage. Manipur: One of the eight states that have mandated GeM usage. Gujarat: One of the eight states that have mandated GeM usage. Himachal Pradesh: One of the eight states that have mandated GeM usage. Assam: One of the eight states that have mandated GeM usage and has successful IFMS integrations. Uttarakhand: One of the eight states that have mandated GeM usage. Chhattisgarh: One of the eight states that have mandated GeM usage. Kerala: State with successful IFMS integrations. Odisha: State with successful IFMS integrations. West Bengal: State with successful IFMS integrations. Delhi: Union territory with successful IFMS integrations. Karnataka: State with upcoming IFMS rollouts. GeMAI: GeM's generative AI-powered chatbot. Indian: Relating to the country of India. Aatmanirbhar: A vision for India to be self-reliant. Abhishek Dayal: Individual mentioned in the context of the release, possibly a contact person. Abhijith Narayanan: Individual mentioned in the context of the release, possibly a contact person. Ishita Biswas: Individual mentioned in the context of the release, possibly a contact person. IFMS: Integrated Financial Management System
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Ministry of Commerce & Industry GeM Celebrates 8th Incorporation Day GeM Powers Inclusive Growth in Public Procurement GeM launches India’s first GenAI chatbot in the public sector Over 10 Lakh MSEs Onboarded Through the Platform 1.3 Lakh Artisans and Weavers Empowered via GeM 1.84 Lakh Women Entrepreneurs Integrated into Procurement Ecosystem Posted On: 19 MAY 2025 5:00PM by PIB Delhi Government e Marketplace (GeM), India’s national public procurement portal, marked its 8th Incorporation Day with a reaffirmation of its transformative impact on inclusive economic growth and digital governance. Addressing the media on the occasion, CEO, GeM, Shri Mihir Kumar, said, “At GeM, we are innovating to simplify and empowering to transform—because when innovation meets inclusion, it unlocks opportunities for every Indian entrepreneur. From MSEs and start-ups to weavers and women-led enterprises, our journey goes beyond procurement—it’s about building a more accessible, efficient and equitable marketplace for all.” GeM’s user base has seen a threefold increase in recent years, with over 1.64 lakh primary buyers and 4.2 lakh active sellers now onboard. The platform offers more than 10,000 product categories and over 330 services. Independent assessments, including from the World Bank and Economic Survey, validate GeM’s impact, noting an average cost saving of nearly 10% in government procurement. Highlighting its commitment to empowering small sellers and traditionally underrepresented groups, Shri Kumar informed that over 10 lakh Micro and Small Enterprises (MSEs), 1.3 lakh artisans and weavers, 1.84 lakh women entrepreneurs, and 31,000 startups are now part of the GeM ecosystem. “By ensuring complete information dissemination on bids and actively integrating diverse stakeholders—MSEs, start-ups, women entrepreneurs, self-help groups, and FPOs—GeM has redefined public procurement,” he added.Nearly 97% of all transactions on GeM are now free from transaction charges. Additionally, fees have been reduced by 33% to 96% and capped at ₹3 lakh for orders exceeding ₹10 crore, significantly down from the earlier ₹72.5 lakh. For sellers with annual turnover below ₹1 crore, the caution money deposit has been cut by 60%, with full exemptions granted to select groups. GeM’s role in advancing national priorities was underscored by key transactions, including ₹5,000 crore worth of equipment for the Akash Missile System and ₹5,085 crore in vaccine procurement. The platform is also enabling complex services such as drone-as-a-service for AIIMS, GIS and insurance for over 1.3 crore lives, and wet leasing of chartered flights and CT scanners. GeM has now been adopted across all 36 States and Union Territories, with Uttar Pradesh leading the way. Eight states—including Maharashtra, Manipur, Gujarat, Himachal Pradesh, Assam, Uttarakhand, and Chhattisgarh—have mandated GeM usage. Successful IFMS integrations in Assam, Kerala, Odisha, West Bengal, and Delhi have paved the way for upcoming rollouts in Gujarat, Karnataka, and Uttar Pradesh. Reinforcing its commitment to transparency and accountability, GeM has deployed advanced analytics for real-time fraud detection, risk mitigation, and continuous monitoring. In a pioneering digital governance move, GeM launched GeMAI, India’s first generative AI-powered chatbot in the public sector. Supporting both voice and text interactions in 10 Indian languages, GeMAI enhances user support and embodies GeM’s mission of inclusive, intelligent service delivery. Congratulating stakeholders on the platform’s journey, Shri Mihir Kumar concluded, “With the continued support of our ecosystem, I am confident that GeM will scale even greater heights and contribute meaningfully to making India truly Aatmanirbhar.” *** Abhishek Dayal/ Abhijith Narayanan/ Ishita Biswas (Release ID: 2129647)

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