Startups registration doubled in last one year

Launched in August 2016, The Government e-Marketplace is for the online purchase of goods and services by all the central government ministries and departments.

Startups registration doubled in last one year

The number of new businesses enrolled at public acquisition gateway GeM has dramatically increased to 7,438 over the most recent one year and they are getting numerous requests from government offices and public area units, as said by a senior official. The Government e-Marketplace (GeM) was dispatched in August 2016 for the online purchase of merchandise and enterprises by all the focal government services and divisions. 

GeM CEO, Tallen Kumar said that they have 48,038 purchasers, 7.42 lakh dealers with 2.42 lakh MSEs, 7,438 startups, 10,252 product categories, and 173 service categories. A year ago, they had 40,275 purchasers, 2.98 lakh merchants, 59,536 MSMEs, and 3,509 startups. He said that giving expanded market access to sellers like startups, and MSEs has strengthened the Make in India activity. 

Startups have completed orders worth over Rs 1,800 crore through the commercial center, Kumar said adding GeM is making various strides with the goal that an ever-increasing number of new businesses, MSMEs, craftsmen, and weavers can enlist their merchandise and ventures on this stage. 

Kumar adds that currently, more than 20,000 craftsmen and 1.2 lakh weavers have enrolled so far as dealers and are transferring items in their applicable classifications.

About the steps taken for startups, he said the entryway began a 'Startup Runway' so these entrepreneurs can grandstand their creative items and arrangements, and they can likewise list different items with insignificant specialized particulars

He said another and progressed variant of the stage will be dispatched soon which will have amazing highlights and accessibility of expensive things to pull in huge purchasers like PSUs, Railways, and Defence.