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

New Delhi [India], April 6 (ANI): The government e-marketplace (GeM) has enabled over Rs 38,500 crore in transactions for 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.