Commerce Minister Piyush Goyal said the Government e-Marketplace’s GMV has surged from Rs. 422 crore a decade ago to over Rs. 1.55 lakh crore. With 12.28 lakh MSEs, 42,000 startups and 2.25 lakh women-led firms onboard, GeM has boosted transparency, competition and savings in public procurement.

Commerce and Industry Minister Piyush Goyal on Monday said that from a gross merchandise value (GMV) of Rs 422 crore a decade ago to over Rs 1,55,000 crore today, the Government e-Marketplace (GeM) has rewritten the rules of public procurement.

In a post on X, the minister informed that over 12.28 lakh Micro and Small Enterprises (MSEs), including more than 2.25 lakh led by women, and over 42,000 startups are registered on the portal, proving that grassroots empowerment is not merely a slogan for the Government under Prime Minister Narendra Modi, but a genuine commitment.

“Over the last 10 years, the platform has enhanced competition, improved price discovery, reduced procurement cycle times, generated significant savings for the Government, and strengthened accountability through end-to-end digital procurement,” said Goyal.

He further stated that this has made government markets more accessible to MSEs, startups, women entrepreneurs, Self-Help Groups, artisans, and weavers, while championing the vision of Vocal for Local and Make in India.