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India’s Government eMarket Soars to Become World’s Third Largest eCommerce Giant

Written By Jenny Doe
Reviewed By Jenny Doe

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India’s Government eMarket Soars to Become World’s Third Largest eCommerce Giant

India’s GeM (Government e-Market) portal for public procurement has witnessed a remarkable surge in sales and has been recognized as the third largest eCommerce platform across the world.

Since its launch in 2016, the portal achieved sales of more than 4 Lakh Crore in the current financial year 2024, according to officials.

In the fiscal year 2018-19, the orders made through the GeM portal counted to Rs. 17,445 Crore, and within three years, the amount grew considerably to Rs. 1.07 Lakh Crore in 2021-22. Notably, the sales on the portal heaved in the last financial year 2023 and marked around Rs. 2.01 Lakh Crore.

This upward trend reflects that the GeM platform is gaining popularity day by day and is efficient enough when it comes to facilitating procurement processes.

This is to be noted that the doors of the Government e-Market are open for both public and private sectors to sell their products and services. However, only government entities, including gram panchayats, are welcome to make purchases from the portal.

The portal, however, offers an extensive range of goods and services to its users. Right from official stationary to passenger vehicles and computer furniture to niche-specific services such as logistics, waste management, helicopter services, and webcasting; the portal caters to an array of procurement needs of government entities.

According to officials, the portal currently deals only in goods and services, but soon it can be a unified procurement portal with the addition of contracts also. Currently, defence procurement is one of the major business activities through the portal, said GeM CEO PK Singh. Right from egg supplies to missile parts supplies, the portal has successfully fulfilled all requirements of government entities.

Singh highlighted the portal's extensive collaborations, citing partnerships with over 520,000 Common Services Centres (CSCs) and more than 150,000 India Post offices.

GeM has broken the dominance of big players, letting small entrepreneurs join government tenders easily. Its wide range of services helps states find innovative solutions for their needs, promoting fair competition and empowering entrepreneurs nationwide, Singh further added.

Undoubtedly, it’s a big achievement for India in e-marketplace. Currently, the portal comprises a network of more than 150,000 buyers and 2.1 million sellers and may soon hit the list as the world’s largest eCommerce platform.  

At present, Korea’s ON-line E-Procurement System (KONEPS) and Singapore’s GeBIZ hold the first and second spots as the World’s largest eCommerce giants in the rankings. 

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