Government e-Marketplace (GeM) Gross Merchandise Value (GMV)
Government e-Marketplace (GeM) is an online platform that facilitates procurement of goods and services by various government departments, organizations, and public sector undertakings. It was launched to promote transparency, efficiency, and cost-effectiveness in public procurement.

GMV Achieved by GeM
- The Government e-Marketplace (GeM) has achieved a Gross Merchandise Value (GMV) of 4 Lakh Crore.
- This milestone signifies the significant growth and adoption of the platform for procurement purposes.
- GeM has successfully streamlined the procurement process, reduced paperwork, and increased the efficiency of government purchases.

Benefits of GeM
- GeM provides a transparent and efficient platform for buyers and sellers to engage in procurement activities.
- It offers a wide range of products and services from registered vendors, ensuring competitive pricing and quality.
- GeM has helped in promoting digital transactions and reducing the dependence on traditional procurement methods.

Impact of GeM
- The achievement of a GMV of 4 Lakh Crore by GeM demonstrates its growing importance in the government procurement ecosystem.
- It has helped in promoting ease of doing business, reducing corruption, and enhancing accountability in the procurement process.
- GeM has also empowered small and medium enterprises (SMEs) by providing them with a level playing field to participate in government tenders.
In conclusion, the Government e-Marketplace (GeM) has achieved a significant milestone by reaching a Gross Merchandise Value (GMV) of 4 Lakh Crore. This milestone underscores the platform's success in transforming the government procurement landscape and promoting transparency and efficiency in public procurement processes.