GeM Celebrates 8th Incorporation Day:

GeM Celebrates 8th Incorporation Day:

Daily Current Affairs   /   GeM Celebrates 8th Incorporation Day:

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Category : Important Days Published on: May 23 2025

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  • Government e Marketplace (GeM), India’s national public procurement portal, marked its 8th Incorporation Day with a reaffirmation of its transformative impact on inclusive economic growth and digital governance. 
  • GeM’s user base has seen a threefold increase in recent years, with over 1.64 lakh primary buyers and 4.2 lakh active sellers now onboard.
  • The platform offers more than 10,000 product categories and over 330 services. Independent assessments, including from the World Bank and Economic Survey, validate GeM’s impact, noting an average cost saving of nearly 10% in government procurement.
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