Government e Marketplace (GeM) - a one-stop portal to facilitate online procurement of common use goods & services required by various Government bodies - has attained an annual procurement of Rs 1 lakh crore within FY 2021-22 - up by 160% compared to last FY.

Prashant Kumar Singh, CEO, GeM said, "Since inception, the cumulative Gross Merchandize Value (GMV) reached Rs 1 Lakh crore over 4 and half years. On March 23, 2022, the GMV of GeM in the current Financial Year surpassed Rs 1 lakh crore in less than a year. This represents a 160% growth compared to last FY."

GeM portal has transformed public procurement in India by driving its three pillars viz. inclusion, usability and transparency and efficiency and cost saving. The number of orders has also surpassed 31.5 lakh in the current financial year with a growth at the rate of 22%. In a short span of 5 years, GeM has become one of the biggest government e-procurement platforms in the world.

Referring to the share of Central Public Sector Enterprises (CPSEs), Singh said that approximately Rs 43,000 crore worth procurement was done by CPSEs (about 43% of total GMV) on GeM, showing an approximate growth of 508% as compared to last FY. He also asserted that states continued to be an important stakeholder with approximately 30% contribution to total GMV.

Highlighting the role played by GeM in ushering in inclusion in government procurement, Singh said that GeM has taken a host of steps to onboard products of Self-Help Groups (SHGs), tribal communities, craftsmen, weavers, and MSMEs. About 57% of the total business on GeM has come through the MSME units and over 6% has been contributed by female entrepreneurs. It may be noted that the number of women sellers and entrepreneurs on GeM has grown 6 times in a year.

It may be noted that procurement from MSEs is at 57% of the total GMV currently with a growth of 143% compared to last FY. There is a 15% increase in buyer onboarding compared to last FY and there is a 187% increase in seller onboarding compared to last FY. There is also a 44% increase in the number of services compared to last FY with a 25% contribution in the total GMV (Rs 25,000 crore).