GeM becomes India’s first e-commerce portal to hit this mega milestone; transaction value crosses Rs 80k cr

Ease of Doing Business for MSMEs: The business-to-business (B2B) e-commerce marketplace for government organisations and departments to procure goods from MSMEs in the country has crossed the whopping 10-lakh-seller milestone within four-and-a-half years of its launch. The Government eMarketplace (GeM), as of January 27, 2020, listed 10,13,448 sellers and service providers across over 13,000 product and 178 service categories, according to the data sourced from the marketplace. Launched on August 9, 2016, to enhance speed and transparency in the public procurement process for MSMEs, the marketplace has processed 55.74 lakh orders with the transaction value crossing the Rs 80,000-crore mark. With the staggering seller base, GeM is arguably the largest e-commerce marketplace in the country.