About GeM 

• Launched in 2016, the Government e-Marketplace (GeM) is a 100 percent government-owned company setup under the aegis of the Ministry of Commerce and Industry.
• It is a completely paperless, cashless and system driven e-market place that enables procurement of common use goods and services with minimal human interface. GeM aims to enhance transparency, efficiency and speed in public procurement.
• GeM was developed with the technical support of the National eGovernance Division under the Ministry of Electronics and Information Technology.

• In 2017, the government made it mandatory for all the departments and ministries to source goods and services from the GeM.

Why in News?

• Till date, GeM has facilitated over one crore transactions valued at over three lakh crore rupees.
• The portal has registered 62,000 government buyers and 51 lakh sellers and service providers.

Reference:

1. https://newsonair.gov.in/News?title=GeM-facilitated-over-one-crore-transactions-valued-at-over-Rs-3-lakh-crore%2c-says-Deputy-CEO-A-V-Muraleedharan&id=447951