Best Fast Dropshipping Service & Business India

<p>Government e-Marketplace (GeM)</p>
Government e-Marketplace (GeM)

New Delhi: State-run Government e-Marketplace (GeM) is aiming to close the financial year 2023-24 at a gross merchandise value (GMV) of over Rs 4 lakh crore, shared a senior official with ETRetail.

Speaking on the sidelines of the Startup Mahakumbh event, held from March 18 -20 in Delhi, Ajit B Chavan, Additional CEO and Chief Seller Officer, GeM said, “Regarding GMV, we are close to crossing the Rs 4 lakh crore mark in this financial year.”

In the last fiscal, GeM reported Rs 2 lakh crore of GMV.

“Last 2 years we have been doubling our GMV. The base is getting wider and the effort is to capture as much as we can with both central and state governments,” Chavan said.

Commenting on the startup’s participation in GeM, he shared that currently, the platform has 23,000 startups onboard.

Additionally, he highlighted the platform’s ‘Startup Runway’ initiative in which innovative products are listed under 14 different buckets, namely, advanced manufacturing and robotics, ag-tech and new foods, artificial intelligence, big data and analytics, augmented/ virtual reality, blockchain, cleantech/ renewables, consumer/ home electronics, cybersecurity, edtech, health and life sciences, water tech, assistive tech, legal tech and medtech.

  • Published On Mar 20, 2024 at 03:19 PM IST

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