New Delhi, March 18 -- The Government e Marketplace (GeM) has achieved a significant milestone by surpassing Rs.5 lakh crore in Gross Merchandise Value (GMV) on its portal, more than 18 days before the close of the financial year 2024-25. This achievement highlights GeM's rapid expansion as a primary tool for public procurement, serving a buyer base of over 1.6 lakh government entities. Notably, the leap from Rs.4 lakh crore to Rs.5 lakh crore was accomplished in less than 50 days since crossing the previous benchmark on 23rd January 2025.

GeM has undertaken major policy reforms in recent months to enhance market accessibility and streamline participation for sellers. Key initiatives such as the reduction in Transaction Charges, Vendor A...