New Delhi, April 6 -- The government e-marketplace (GeM) has enabled over Rs 38,500 crore in transactions for 30,000+ startups, reinforcing its position as a true catalyst in India's innovation ecosystem, the Ministry of Commerce & Industry said in a statement on Sunday.

GeM is a Section 8 company established under the administrative control of the Department of Commerce, Ministry of Commerce and Industry, for procuring goods and services by central ministries, State Departments, PSEs, and Autonomous Bodies.

In India, the GeM has emerged as a game-changer in public procurement, creating an open and inclusive platform that benefits not just government buyers but also local entrepreneurs, startups, and small businesses.

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