GeM to exceed its ambitious target of Rs 1.75 lakh crore: CEO
GeM has over 66,000 government buyer organizations and more than 58 lakh sellers and service providers offering a diverse range of goods and services.
Shri PK Singh, CEO of, GeM
New Delhi: The Government e-Marketplace (GeM), the public procurement portal, is suitably placed to exceed its ambitious target of Rs 1.75 lakh crore, Shri PK Singh, CEO of, GeM said in a media interaction today. As on February 1st, 2023, GeM has achieved a staggering Rs 1.5 lakh crore of Gross Merchandise Value (GMV) in FY23 alone.
Cumulatively, GeM has surpassed the Rs 3 lakh crore GMV since inception, with the overwhelming support of its stakeholders. The total number of transactions on GeM has also crossed 1.3 crores.
GeM has over 66,000 government buyer organizations and more than 58 lakh sellers and service providers offering a diverse range of goods and services.
The portal features over 11,000 product categories with more than 29 lakh listed products, as well as over 270 service categories with more than 2.5 lakh service offerings. Based on various studies, the minimum savings on the platform are about 10%, which translates into savings of over Rs 30,000 crore worth of public money.
CEO-GeM, Sh. P.K. Singh shared the journey and vision ahead for GeM at the media interaction. He also thanked all the stakeholders who are the primary drivers behind GeM's reaching such great heights.
Government e-Marketplace (GeM) is an online platform for public procurement in India that was envisaged by the Prime Minister, Shri Narendra Modi. The initiative was launched on August 9, 2016, by the Ministry of Commerce and Industry with the objective of creating an inclusive, efficient, and transparent platform for buyers and sellers to carry out procurement activities in a fair and competitive manner.
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