Article Title: Government e-Marketplace (GeM) aims to boost start-up participation through upcoming events like Startup Mahakumbh 2025
04-04-2025
Economy Current Affairs Analysis
Government e-Marketplace (GeM)
It is India's public procurement portal for purchasing goods and services by central and state government ministries, Departments, Public Sector Units (PSUs), and affiliated entities.
Launched in - 2016
Aim - To make the public procurement process transparent, efficient, and inclusive.
Developed by – Ministry of Commerce and Industry in collaboration with MeitY (Ministry of Electronics and Information Technology) and National e-Governance Division (NeGD).
GeM is now managed by GeM SPV (Special Purpose Vehicle), a 100% government owned company under the Ministry of Commerce & Industry.
Three Pillars of GeM
Efficiency - Ensures cost and time savings AI-driven procurement reduces process time.
Transparency - ensures no manipulation in transactions.
Inclusion - Focus on women-led MSMEs, artisans, Farmer Producer Organizations (FPOs). 50% of businesses on GeM come from MSMEs
Advantages of GeM
Centralized Platform – Unified portal for government buyers & suppliers.
Policy Reforms – Modernized regulations ensure compliance & efficiency.
MSME Boost – Supports small businesses & startups in government contracts.
Automation & Transparency – Tech-driven system reduces delays & enhances accountability.
Achievements
Business transactions increased from its first year to 2024.
Contributed to major government projects, including India’s lunar mission (Chandrayaan 3).
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