New Delhi [India], April 6 (ANI): The federal government e-marketplace (GeM) has enabled over ₹38,500 crore in transactions for 30,000 startups, reinforcing its place as a real catalyst in India’s innovation ecosystem, the Ministry of Commerce & Trade mentioned in an announcement on Sunday.
GeM is a Part 8 firm established beneath the executive management of the Division of Commerce, Ministry of Commerce and Trade, for procuring items and providers by central ministries, State Departments, PSEs, and Autonomous Our bodies.
In India, the GeM has emerged as a game-changer in public procurement, creating an open and inclusive platform that advantages not simply authorities patrons but in addition native entrepreneurs, startups, and small companies.
n alignment with the societal growth of the nation, GeM has enabled startups to fulfil orders transparently.
In line with the ministry, ladies entrepreneurs comprise 8 per cent of the whole vendor base on GeM. There are a cumulative 1,77,786 Udyam-verified ladies micro and small enterprises (MSE) registered on the GeM portal, having fulfilled a cumulative order worth of over ₹46,615 Crore.
Through the just lately concluded Startup Maha Kumbh, GeM responded to over 2,500 startup queries, facilitated 1,000 startup registrations and cataloguing, and hosted greater than 1,500 interactive sessions–including one-on-one mentoring and group engagements–focused on onboarding and skilling via GeM’s Studying Administration System (LMS).
As a strategic presenting accomplice, GeM engaged with a variety of startups, traders, policymakers, and business leaders throughout the occasion. Its participation mirrored an ongoing effort to help the expansion of Indian startups by facilitating entry to authorities markets, encouraging new alternatives, and contributing to the broader imaginative and prescient of an Atmanirbhar Bharat.
The occasion noticed sector-focused pavilions that celebrated India’s energy in DeepTech, AgriTech, BioTech, MedTech, Synthetic Intelligence, Gaming, and extra. GeM’s presence underscored its mission to bridge the hole between innovators and authorities patrons, enabling quicker scale, market validation, and significant contribution to India’s world innovation standing.
Talking on the theme of government-startup collaboration, Shri Ajay Bhadoo, CEO of the Authorities e-Market (GeM), mentioned, “Let’s work collectively and unlock the true potential of public procurement in driving startup progress, inclusive growth, and Atmanirbhar Bharat.”
His keynote tackle underlined the transformative potential of platforms like GeM in scaling modern homegrown options and supporting startups with policy-driven alternatives. (ANI)
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