Reimagining Public Procurement in India
In 2016, GeM was set up by the Indian Government to radically reimagine the century-old public procurement system and processes. In less than five years since, GeM has completely disrupted this ecosystem through its unified digital marketplace and vast and diverse ecosystem of buyer organizations and sellers. In this financial year, GeM clocked order values of ￡3.42 billion- an over 50% increase from last year. This is a testament to the users’ growing faith on the platform- particularly the supplier base in India. GeM has been nothing less than a paradigm shift for public procurement in India.