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18/11/2020 08:50pm

GeM playing crucial role in MSME growth: Piyush Goyal

image GeM playing crucial role in MSME growth: Piyush Goyal

New Delhi, Nov 18 (KNN) The Union Minister of Commerce and Industry (C&I) Piyush Goyal has said that the Government e-Marketplace (GeM) is playing a crucial role in Micro, Small and Medium Enterprises (MSME) growth.

The minister took to the micro-blogging site twitter on Tuesday and said,'' In line with PM Narendra Modi’s Atmanirbhar Bharat initiative, the Government e-Marketplace (GeM) is playing a crucial role in catalysing the growth of MSMEs, promoting women entrepreneurship, and enabling start-ups to reach out to government buyers.''

As per the data tweeted by the minister, the portal, which has 2,42,648 micro and small enterprise (MSE) sellers, out of 7,44,488 sellers, saw order volume growing 88 per cent from 26.2 lakh as on November 1, 2019, to 49.4 lakh as on November 1, 2020. Also, the number of women sellers selling to government organisations and departments on the marketplace increased 92 per cent to 17,566 year-on-year in November.

The Modi government had launched the GeM portal back on August 9, 2016, in order to bring more speed and transparency to the government buying process for small businesses to leverage. Goyal also shared the number of start-ups registered on the GeM portal that grew 70 per cent from 4,297 as of November 1, 2019, to 7,315 as of November 1, 2020.

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