On this occasion, GeM also launched GeMAI, India’s first generative AI-powered chatbot in the public sector.
Transformative Impact of GeM on Inclusive Economic Growth & Digital governance
- Scale: Connects 1.6 lakh government buyers with 23 lakh sellers/service providers, enabling transactions worth over ₹13.4 lakh crore since inception.
- Cost Savings: World Bank and Economic Survey report ~10% savings in government procurement. Also, 97% of transactions are now charge-free.
- GeM has successfully integrated diverse stakeholder groups: E.g., 10 lakh+ Micro and Small Enterprises (MSEs); 1.3 lakh artisans and weavers; ~1.8 lakh women entrepreneurs & 31,000 startups
- Boosted Inclusive Procurement through Dedicated Storefronts
- Enhanced Visibility and Participation: Storefronts like Startup Runway and Womaniya have significantly improved access for startups, MSEs, and women-led enterprises.
- Exceeding Procurement Targets: GeM has surpassed government targets with 38% of business awarded to MSEs (target: 25%) and nearly 4% to women-led businesses (target: 3%).
- Empowered Marginalized Entrepreneurs
- Inclusive Procurement for SC/ST MSMEs: Actively collaborating with the MSME ecosystem to enhance participation of Scheduled Caste (SC) and Scheduled Tribe (ST) entrepreneurs in public procurement.
- The SARAS Collection on GeM features a curated range of handcrafted products by India’s top Self-Help Groups (SHGs).
- GeM’s Global Standing: On track to become the world’s largest public procurement portal, surpassing platforms like South Korea’s KONEPS
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