5 Benefits of Using GeM Portal for Indian Startups and MSEs
Government e Marketplace (GeM) has drastically transformed the public procurement landscape in India, particularly benefiting small-scale domestic businesses including MSEs, Startups, Women-led Enterprises, SC/ST Entrepreneurs, Artisans, Weavers, Craftsmen, Self-Help Groups & Farmer Producer Organisations etc., to freely participate in e-bidding processes and directly sell their products & services to more than 1.5 Lakh government buyers across the country. This digital platform has not only simplified the procurement process but has also brought about enhanced efficiency and transparency in public spending, while establishing an inclusive marketplace. GeM has facilitated transactions worth over ₹11.4 lakh crore since its inception in 2016. During this period, MSEs have contributed to nearly 40 % of the total GMV. In this blog, we will explore the key ways in which GeM is benefitting Indian Startups and MSEs. Inclusive Opportunities for Pan-India Sellers opens up new busi...