Home India Ministry of Commerce and Industry GeM Observes Incorporation Day 2026; Continues to Support Di...
Date: 2026-05-16 Category: Press Release State: Union Government Country: India

GeM Observes Incorporation Day 2026; Continues to Support Digital Public Procurement System in India

Issued by Ministry of Commerce and Industry · Not Applicable

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Executive Summary & Key Takeaways

**Executive Summary** The Government e Marketplace (GeM) is observing its 2026 Incorporation Day to highlight its progress in digital public procurement and its alignment with the "Aatmanirbhar Bharat" vision. Key celebratory initiatives include a Vendor Assessment Workshop (15 May 2026), the "GeM Manthan" event (21 May 2026), and a brainstorming session with Defence Services (22 May 2026). The document reports significant growth in procurement from MSEs, startups, and women-led enterprises during the 2025–26 fiscal year. **Key Points / Main Content** * **Institutional Framework and Vision** * GeM SPV is a Section 8 non-profit company under the Ministry of Commerce, incorporated on 17 May 2017. * The platform is designed to ensure transparency, efficiency, and technology-driven governance in public procurement. * It supports national goals such as "Vocal for Local" and "Viksit Bharat 2047" by connecting local capabilities with government needs. * **Platform Scale and Performance (FY 2025–26)** * The platform currently hosts over 1.36 lakh government buyers and nearly 25 lakh sellers and service providers. * Micro and Small Enterprises (MSEs) constitute nearly 72% of active sellers. * MSEs received over 51 lakh orders worth ₹2.36 lakh crore. * Specific procurement milestones include ₹28,000 crore from women-led MSEs, ₹6,000 crore from SC/ST entrepreneurs, and over ₹19,000 crore from startups. * **Scheduled Stakeholder Initiatives** * **Vendor Assessment Workshop (15 May 2026):** Conducted to provide clarity on documentation and assessment requirements for prospective Original Equipment Manufacturers (OEMs). * **GeM Manthan (21 May 2026):** A themed session focused on "Enriching the GeM Marketplace" to strengthen the procurement ecosystem. * **Defence Services Brainstorming (22 May 2026):** A dedicated session to improve technological interventions and align platform processes with Defence operational requirements. **Impact Analysis** **Prospective OEMs** **Impact** They receive enhanced clarity regarding the necessary documentation and the formal Vendor Assessment process. **Action Required** Review the guidance provided during the May 15 workshop to ensure compliance with GeM’s assessment standards. **Micro and Small Enterprises (MSEs), including Women and SC/ST Entrepreneurs** **Impact** These groups are seeing widened market access and a significant share of government procurement orders, promoting inclusive entrepreneurship. **Action Required** Continue to utilize the platform for market access and participate in upcoming stakeholder engagement initiatives to strengthen their presence. **Defence Services** **Impact** The procurement system is being specifically tailored to meet their unique operational requirements and technological needs. **Action Required** Engage in the brainstorming session on 22 May 2026 to provide feedback on process improvements and alignment. **Government Buyers** **Impact** Buyers have access to a transparent, efficient, and diverse pool of over 25 lakh sellers across various sectors. **Action Required** Continue leveraging the GeM platform for procurement to support domestic enterprises and ensure transparent governance.

Key Entities Referenced

Government e Marketplace (GeM): A digital public procurement platform and Special Purpose Vehicle (SPV) established as a Section 8 non-profit company to facilitate transparent and efficient government procurement. Ministry of Commerce & Industry: The primary ministry overseeing the Government e Marketplace Special Purpose Vehicle (GeM SPV). Companies Act, 2013: The legislation under which the GeM Special Purpose Vehicle was incorporated as a non-profit entity on May 17, 2017. Aatmanirbhar Bharat: A key national vision and initiative that GeM supports by connecting domestic enterprises and local suppliers with government procurement opportunities. GeM Manthan: A specific stakeholder engagement initiative organized to facilitate discussions on strengthening the GeM ecosystem.
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Ministry of Commerce & Industry GeM Observes Incorporation Day 2026; Continues to Support Digital Public Procurement System in India Posted On: 16 MAY 2026 2:03PM by PIB Delhi Government e Marketplace (GeM) is observing its Incorporation Day 2026, marking its continued role in supporting public procurement in India through transparency, efficiency and technology-driven governance. The Government e Marketplace Special Purpose Vehicle (GeM SPV), a Section 8 non-profit company under the Ministry of Commerce, was incorporated on 17 May 2017 under the Companies Act, 2013 to develop, manage and maintain the GeM platform. Over the years, GeM has emerged as a major digital public procurement platform, promoting ease of doing business and wider market access for sellers across the country. Aligned with the vision of Aatmanirbhar Bharat, Vocal for Local and Viksit Bharat 2047, GeM continues to support domestic enterprises by connecting local capabilities with government procurement opportunities. The platform has seen participation from Class-1 local suppliers across sectors such as pharmaceuticals, transportation, construction equipment, furniture, textiles and medical consumables. Today, the platform hosts over 1.36 lakh government buyers and nearly 25 lakh sellers and service providers, with nearly 72% of active sellers comprising Micro and Small Enterprises (MSEs). During FY 2025–26, more than 11 lakh MSEs on GeM received over 51 lakh orders worth ₹2.36 lakh crore. Women- led MSEs secured procurement orders worth over ₹28,000 crore, while SC/ST entrepreneurs received orders exceeding ₹6,000 crore. Startups on the platform secured orders worth more than ₹19,000 crore, reflecting GeM’s role in supporting entrepreneurship and widening access to government procurement. Chief Executive Officer, GeM, Shri Mihir Kumar said, “GeM was created with the vision of building a transparent, efficient and inclusive digital procurement platform for Government and its agencies. Today, GeM continues to support Aatmanirbhar Bharat and Vocal for Local by connecting domestic enterprises with procurement opportunities.” As part of the Incorporation Day celebrations, GeM is organising a series of stakeholder engagement and knowledge-sharing initiatives. The celebrations commenced with the GeM Vendor Assessment Workshop on 15 May 2026 to enhance clarity on the Vendor Assessment process and documentation requirements for prospective OEMs. Further, GeM will host “GeM Manthan” on 21 May 2026 under the theme “Enriching the GeM Marketplace” to encourage discussions on strengthening the GeM ecosystem. GeM will also organise a brainstorming session with representatives from the Defence Services on 22 May 2026 to deliberate on process improvements and technological interventions aimed at strengthening alignment with Defence procurement and operational requirements. ***Abhishek Dayal/ Garima Singh/ Ishita Biswas (Release ID: 2261700) Visitor Counter : 377 Read this release in: Gujarati , Urdu , ही , Marathi , Tamil , Kannada

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