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?

• Union Minister of Commerce and Industry Piyush Goyal highlighted the ”10x” growth in procurement from Government e-Marketplace (GeM) in the last three years. 
• The Minister expressed hope that overall procurement of goods and services from the government portal GeM would cross Rs 3 lakh Crore in FY 2022-23 as it has already crossed Rs 2 lakh crore in 2022-23.

https://pib.gov.in/PressReleasePage.aspx?PRID=1935580