GeM marks Incorporation Day 2026; platform has 1.36 lakh buyers and nearly 25 lakh sellers
Government e Marketplace (GeM) observed its Incorporation Day 2026, PIB said on 16 May 2026, noting that the GeM SPV was incorporated on 17 May 2017 and that the platform now has over 1.36 lakh government buyers and nearly 25 lakh sellers.
Summary
Government e Marketplace (GeM) observed its Incorporation Day 2026, the Ministry of Commerce and Industry said on 16 May 2026. The GeM Special Purpose Vehicle, a Section 8 non-profit company under the Ministry of Commerce, was incorporated on 17 May 2017 under the Companies Act, 2013 to develop and run the GeM platform. The platform hosts over 1.36 lakh government buyers and nearly 25 lakh sellers and service providers, and about 72% of active sellers are Micro and Small Enterprises (MSEs). In FY 2025-26, more than 11 lakh MSEs on GeM received over 51 lakh orders worth ₹2.36 lakh crore.
Key facts
- GeM SPV incorporated
- 17 May 2017, Companies Act 2013 (Section 8 non-profit)
- Ministry
- Ministry of Commerce
- Buyers / sellers
- 1.36 lakh+ government buyers; nearly 25 lakh sellers & service providers
- MSE share
- About 72% of active sellers
- FY 2025-26
- 11 lakh+ MSEs got 51 lakh+ orders worth ₹2.36 lakh crore
- Women-led MSEs
- Orders over ₹28,000 crore
Practice MCQs 2 questions
On which date was the Government e Marketplace Special Purpose Vehicle (GeM SPV) incorporated?
Show answer
Correct answer: D — 17 May 2017
The GeM SPV was incorporated on 17 May 2017 under the Companies Act, 2013.
What is the legal form of the GeM SPV, according to the Ministry of Commerce (May 2026)?
Show answer
Correct answer: A — A Section 8 non-profit company under the Ministry of Commerce
GeM SPV is a Section 8 non-profit company under the Ministry of Commerce, incorporated under the Companies Act, 2013.