GeM connects businesses with government buyers
"We are an e-marketplace that connects businesses with the government buyer. We have more than a lakh government buyers which procure goods and services from more than two million sellers. The GMV (Gross Merchandise Value) that we have for the last two-three years has grown exponentially. Last year we did more than two lakh crore GMV which is nearly two billion dollars and this year we have crossed it and the target is three lakh crores. We are there to enable businesses and the government to come to the electronic marketplace, the motto being inclusivity, transparency and efficiency. We are there as an electronic marketplace for you to meet, to sell and the government to buy. As of now, only a fraction of the government budget is utilized for buying products and services through the GeM portal. Going forward if the entire government machinery will start buying from GeM portal then imagine how efficient it will be. We have all kinds of products and services. We also control the ultimate beneficial owners and we promote SMEs, small industries and even the ‘one district one product’ kind of schemes. Going forward we hope to do much better, connect and enable more of you to sell goods and help government departments buy that."
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