GeM facilitates over Rs 38,500 crore in transactions for over 30,000 startups

April 7, 2025

, By The Economic Times

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The government e-marketplace (GeM) has enabled over Rs 38,500 crore in transactions for over 30,000 startups, reinforcing its position as a true catalyst in India’s innovation ecosystem, the Ministry of Commerce & Industry said in a statement on Sunday.

GeM is a Section 8 company established under the administrative control of the Department of Commerce, Ministry of Commerce and Industry, for procuring goods and services by central ministries, State Departments, PSEs, and Autonomous Bodies.

In India, the GeM has emerged as a game-changer in public…

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GeM facilitates over Rs 38,500 crore in transactions for over 30,000 startups

April 7, 2025

, Published By The Economic Times

The government e-marketplace (GeM) has enabled over Rs 38,500 crore in transactions for over 30,000 startups, reinforcing its position as a true catalyst in India’s innovation ecosystem, the Ministry of Commerce & Industry said in a statement on Sunday.

GeM is a Section 8 company established under the administrative control of the Department of Commerce, Ministry of Commerce and Industry, for procuring goods and services by central ministries, State Departments, PSEs, and Autonomous Bodies.

In India, the GeM has emerged as a game-changer in public…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Calligo Technologies Raises $1.1 Million in Pre-Series A Round to Expand R&D and Tech Talent

Next News

Engineering software startup Rescale raises $115 million from Applied Materials, Nvidia

The Economic Times

More like this

Popular

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