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?

• The Government e-Marketplace, GeM platform has crossed one lakh crore rupees Gross Merchandise value till yesterday for the financial year 2022-2023. 
• GeM is an online platform for public procurement in India which was launched in August  2016 with the objective of creating an open and transparent procurement platform for government buyers. 

reference:

https://newsonair.gov.in/News?title=GeM-platform-has-crosses-1-lakh-crore-rupees-Gross-Merchandise-value&id=451553