New Delhi, March 18 -- The Government e-Marketplace (GeM) surpassed Rs 5 lakh crore in gross merchandise value (GMV) on its portal, more than 18 days before the close of the current financial year 2024-25, the Centre said on Monday. 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 January 23, 2025.

As of February 13, over 22 lakh sellers and service providers were registered on GeM, contributing to a diverse and competitive procurement ecosystem. With a steadfast commitment to transparency and fiscal responsibility, GeM has facilitated cumulative public savings exceeding Rs 1,15,000 crore. The platform has over 1.6 lakh registered government buyers, s...