Why in news?

• Government e-Marketplace (GeM) achieved annual procurement of Rs. 1 lakh crore in Financial Year 2021-22

About GeM:

• One stop portal to facilitate online procurement of common use Goods & Services required by various Government Departments / Organizations / PSUs.
• Launch Year: 2016
• Hosted by: Directorate General of Supplies and Disposals (DGS&D) under Ministry of Commerce and Industry.
• Benefits: Transparency, efficiency and speed in public procurement.