Piyush Goyal urges local bodies to adopt GeM for purchases
Commerce and industry minister Piyush Goyal is encouraging state agencies, municipal corporations, and panchayats to start using the Government e-Marketplace (GeM) for their purchases.
At GeM's 10th anniversary, he said this move could lead to greater volumes and price competitiveness for government buying at the district level.
GeM grows from 422cr to 5Lcr
Since launching in 2016-17 with just ₹422 crore in transactions, GeM has exploded to over ₹5 lakh crore a year, nearly 15% of that from defense deals alone.
Goyal also wants universities to help young innovators sell on the platform, making it easier for universities and colleges to get quality stuff without breaking the bank.
Plus, a new "GeM 2.0" is coming soon with smart features like GST integration and AI tools, aiming to make public buying even more efficient across India.