India's Government e-Market (GeM) platform is projected to become the world's largest government procurement platform by the end of the current fiscal year, surpassing South Korea's KONEPS.
The Government e-Market (GeM) platform in India is set to surpass South Korea's KONEPS and become the world's largest government procurement platform by the end of the current fiscal year. In Q1 FY 24-25, GeM achieved a Gross Merchandise Value (GMV) of Rs 1,24,761 crore, a 136% increase from last year's Rs 52,670 crore. Launched in 2016, GeM has streamlined government procurement into a unified platform used by a nationwide network of sellers and service providers.
July 11, 2024
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