New Delhi: Public procurement platform Government e-Marketplace (GeM) facilitated transactions worth Rs 5.03 lakh crore in 2025-26, down 7.4 per cent from the previous fiscal, a senior official said on Monday.

GeM facilitated transactions worth Rs 5.43 lakh crore in 2024-25.

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GeM CEO Mihir Kumar said the decline in growth can be attributed to a reduced contribution from the coal ministry, whose share in total sales fell from 34 percent to 20 percent in 2025-26 (Rs 1,02,219 crore).

Coal India Ltd bought goods and services worth Rs 82,285 crore through the platform in 2025-26.

"The GeM achieved a cumulative Gross Merchandise Value (GMV) of Rs 18.4 lakh crore, including crossing Rs 5 lakh crore GMV in 2025-“26," Kumar told reporters in New Delhi.

He also said that the platform has included several new functionalities to enhance its efficiency such as rate contract and global tender enquiry (GTE).

"The platform has now been upgraded to support multi-currency bidding and participation from international sellers," he said.

The GTE functionality will help companies of free trade agreement partners of India such as the UAE and the UK. India has opened government procurement with conditions under these pacts.

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Companies from these nations can participate in global tenders of the Indian government departments, and entities.

Ministries of coal, defence, petroleum and natural gas, power, finance, and steel were among the major procurers from GeM in 2025-26. The major CPSE buyers included Coal India, NTPC, NLC India, IOC Ltd, SAIL and ONGC.

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