·
Government e Marketplace (GeM) is observing
its Incorporation Day 2026, highlighting its role in promoting transparent,
efficient and technology-driven public procurement in India.
·
The GeM 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.
·
GeM was established to develop, manage and maintain
the national digital procurement platform for government buyers and sellers.
·
The platform supports key national initiatives including:
o Aatmanirbhar Bharat
o Vocal for Local
o Viksit Bharat 2047
·
GeM has enabled wider participation of domestic
suppliers across sectors such as:
o Pharmaceuticals
o Transportation
o Construction equipment
o Furniture
o Textiles
o Medical consumables
·
Current platform scale:
o Over 1.36 lakh government buyers
o Nearly 25 lakh sellers and service
providers
o Around 72% active sellers are Micro
and Small Enterprises (MSEs)
·
FY 2025–26 achievements:
o More than 11 lakh MSEs received over
51 lakh orders
o Total MSE procurement value exceeded
₹2.36 lakh crore
o Women-led MSEs secured orders worth
over ₹28,000 crore
o SC/ST entrepreneurs received orders
exceeding ₹6,000 crore
o Startups secured procurement orders
worth more than ₹19,000 crore
·
GeM continues to support entrepreneurship, ease of
doing business and inclusive government procurement.
·
CEO of GeM, Mihir Kumar, stated that the
platform was created to build a transparent, efficient and inclusive
procurement ecosystem for government agencies.
·
Incorporation Day celebrations include stakeholder engagement and
knowledge-sharing initiatives.
·
Key events being organised:
o GeM Vendor Assessment Workshop (15 May
2026) for prospective OEMs
o “GeM
Manthan” on 21 May 2026 with the theme “Enriching the GeM
Marketplace”
o Brainstorming session with Defence
Services representatives on 22 May 2026 focusing on procurement process
improvements and technological interventions
·
The initiatives aim to further strengthen the GeM
ecosystem and improve alignment with defence procurement and operational
requirements.
[ABS News Service/18.05.2026]
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.