GeM empowers over 1.85 lakh women-led MSMEs, 31,005 startups: Piyush Goyal

IANS May 17, 2025 321 views

Piyush Goyal lauds GeM for empowering over 1.85 lakh women-led MSMEs and 31,005 startups, marking a significant milestone in redefining public procurement. The platform has demonstrated exceptional growth, with a noteworthy order value reaching Rs 543,019 crore. GeM’s initiatives align with Prime Minister Modi’s vision, emphasizing inclusivity and transparency. With key reforms and a forward-looking roadmap, GeM continues to bridge the gap between innovators and government buyers.

"More than just a marketplace, GeM is a movement." - Piyush Goyal
GeM empowers over 1.85 lakh women-led MSMEs, 31,005 startups: Piyush Goyal
New Delhi, May 17: The Government-e-Marketplace (GeM) has empowered 1,85,408 women-led micro, small and medium enterprises (MSMEs) and 31,005 DPIIT-recognised startups, while redefining public procurement through transparency, efficiency and inclusion, Union Minister of Commerce and Industry, Piyush Goyal, said on Saturday.

Key Points

1

GeM empowers women-led MSMEs and startups

2

Facilitated Rs 543,019 crore in orders

3

Emphasizes transparency and efficiency in public procurement

In the last financial year (FY25), the GeM order volume reached 72,36,651 with total order value of Rs 543,019 crore.

Established in 2016, GeM provides government buyers with an end-to-end digital platform to carry out public procurement at cost-effective rates.

“Wishing @GeM_India on its 8th Incorporation Day. The platform has redefined public procurement through transparency, efficiency, and inclusion,” Goyal said in a post on X social media platform.

“More than just a marketplace, GeM is a movement — enabling empowerment with: 1,85,408 women-led MSMEs and 31,005 DPIIT-recognised startups,” he further informed.

According to Goyal, in line with Prime Minister Narendra Modi’s vision, “GeM is giving every enterprise a chance to grow and serve India”.

GeM has successfully facilitated the insurance of more than 1.3 crore individuals covering health, life and personal accident insurance policies during the financial year 2024-25.

The insurance service provided comes apart from GeM facilitating the hiring of one million people during FY25.

GeM aims to bridge the gap between innovators and government buyers, enabling faster scale, market validation, and meaningful contribution to India’s global innovation standing.

The government has also stressed upon key reforms in the public procurement system through the GeM, including robust anti-cartel safeguards and expert-led interventions to further improve efficiency, transparency and growth.

Goyal recently chaired a meeting with key GeM officials and stakeholders, emphasised on empowering both buyers and sellers on the platform.

“Outlined a forward-looking roadmap focused on enhancing procurement, accelerating state-wise expansion, facilitating flexible payments and inclusive credit access, aimed at empowering both buyers and sellers on the platform,” said the minister on X social media platform.

Goyal further stated that they discussed implementation of key reforms including robust anti-cartel safeguards, a more user-friendly interface, and expert-led interventions to further improve efficiency, transparency and growth in the public procurement ecosystem.

—IANS

Reader Comments

P
Priya K.
This is such a game-changer for women entrepreneurs! My sister's handicraft business got its first government order through GeM last year. The transparency in bidding process gives small businesses real hope. More power to such initiatives! 👏
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Rahul S.
While GeM is a good initiative, ground reality is different in many states. My startup tried registering but faced technical glitches repeatedly. Hope they improve the user interface as promised. The concept is brilliant though - just needs better execution.
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Ananya M.
The insurance coverage for 1.3 crore people is the real unsung hero here! Government procurement was always seen as corrupt but GeM is changing that perception. My father's small manufacturing unit got fair payment within 30 days - unheard of in traditional tenders!
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Vikram J.
₹5.43 lakh crore procurement is impressive! But I worry about regional imbalance - are Tier 2/3 city businesses getting equal opportunities? The state-wise expansion focus is good but needs monitoring. Still, a massive improvement over old L1 tender system.
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Sunita R.
As a school teacher, I've seen how GeM helped our district education office get better quality supplies at lower costs. The anti-cartel measures are most welcome - earlier only certain vendors would win all contracts. Digital India showing real results! 🇮🇳
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Karan P.
The 1 million jobs created stat is what excites me most. When small businesses grow through GeM, they hire locally. Hope they expand to more service categories too. Maybe next they can tackle municipal corporation tenders - that's where maximum corruption happens!

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GeM Piyush Goyal Women-led MSMEs Startups Public Procurement