Government e Marketplace (GeM), the national public procurement portal offering end to end solution for all procurement needs of Central and State govt. departments and PSUs, has reported a four-fold increase in total value of transactions on the portal and doubling of number of sellers in the marketplace in 2018-19.
According to a government release, the portal grossed over Rs. 23,000 crores in Gross Merchandise Value (GMV) through more than 17 lakh transactions on the platform during the financial year. The portal made over 8.8 lakh products available on its platform through a network of over 2 lakh sellers and service providers. Traffic on GeM website has increased by 50% in FY 2018-19 Vs. 2017-18. The release maintained that 42% of transactions by volume were done with MSMEs registered on the platform.