India’s Government e-Marketplace (GeM) has surpassed the last years’ historic high Gross Merchandise Value (GMV) of ₹ 4 lakh crore within 10 months of the current Fiscal Year 2024-25 (FY).
As on 23rd January, 2025, GeM has clocked a GMV of ₹4.09 Lakh Crore, which marks a growth of nearly 50% over the corresponding period last FY. In terms of segment-wise GMV, the services segment accounted for ₹ 2.54 Lakh Crore (62% of the total GMV), whereas product segment accounted for ₹1.55 Lakh Crore (38% of the total GMV).
The Service Segment
The swift growth of the services segment on GeM in FY 24-25 has significantly fueled the portal’s upward growth trajectory. Remarkably, the services segment has grown by almost 100% in comparison to the corresponding period in previous FY.
By facilitating procurement of specialized services like printing of debit cards, bulk email services, dark fiber leasing, operations management of data center 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, Defense, Petroleum & Natural Gas, Power & Steel were the top five procurers on GeM.
With transacted order value of nearly ₹ 1.63 Lakh Crore, the Ministry of Coal has emerged as the top procurer, with more than 320 high-value bids, worth approximately ₹42,000 Crore, placed for Handling and Transport Services by Coal PSUs.
GeM – A trusted Platform
GeM has emerged as a trusted platform not only for procurement of everyday essentials like ration, stationery office equipment etc., but also 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 ₹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.
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