Shri Ajay Bhadoo Appointed as CEO of Government e Marketplace

by EconomyMirabilia Icons

The Government of India has appointed Additional Secretary in the Department of Commerce Shri Ajay Bhadoo, as the Chief Executive Officer (CEO) of Government e Marketplace (GeM). He will assume this role in addition to his existing responsibilities in the Department of Commerce.

His appointment as CEO of GeM, India’s largest e-marketplace for government procurement, comes at a pivotal time as the platform transitions to a next-generation digital marketplace powered by Tata Consultancy Services (TCS). Currently, GeM has recorded a Gross Merchandise Value (GMV) of ₹4.58 lakh crore, reflecting a 28.65% year-on-year growth.

An Indian Administrative Service (IAS) officer of the 1999 batch from the Gujarat cadre, Shri Bhadoo brings over two decades of experience in policy formulation and implementation across diverse sectors, including urban infrastructure development.

In August 2024, Shri Bhadoo was appointed as Additional Secretary in the Department of Commerce. Previously, he served as the Deputy Election Commissioner at the Election Commission of India. His extensive career also includes a tenure as Joint Secretary to the former President of India, Shri Ram Nath Kovind, and leadership roles such as CEO of the Gujarat Maritime Board and Commissioner of Rajkot and Vadodara Municipal Corporations. Shri Bhadoo holds a degree in Civil Engineering and a Master’s in Business Law from the prestigious National Law School of India University, Bengaluru

GeM records 136 percent quarter-on-quarter growth over last year’s Gross Merchandise Value

by Latest Updates

Government e Marketplace (GeM) has clocked a Gross Merchandise Value (GMV) of ₹1,24,761 Lakh crore at the end of first quarter (Q1).

In Q1, FY 24-25 services segment has been the prime mover clocking a GMV of more than ₹80,500 crore representing a growth of 330% over corresponding period in FY 23-24.

Procurement by Central Ministries including CPSEs surpassed ₹1 Lakh crore milestone in this period with Ministries of Coal, Defence and Petroleum & Gas emerging as the top procurers in this quarter. Of this ₹1 Lakh crore GMV, CPSEs share accounted for more than ₹ 91,000 Crore.

“In Q1 FY 23-24, procurement by Central Government bodies stood at ₹42,500 Crore.

Carrying forward its vision of reaching out to the last mile sellers and with an aim to further simplify public procurement, GeM is planning to roll out ‘GeM SAHAYAK’ program which aims at creating a PAN INDIA network of 6-7000 trained and certified accredited trainers who would then offer their services to potential and existing GeM Sellers in navigating on GeM and enhancing business opportunities. Buyers too will benefit from the services of these SAHAYAKS in terms of creation of bids and other value-added services.

Another major initiative taken by GeM to facilitate Ease of Doing Business on GeM is the drastic reduction in quantum of Transaction charges leviable on Sellers.

GeM launched its signature initiative called “The Aabhar Collection” as part of its #Vocalforlocal outlet store marketplace. 

“Launch of Aabhar collection marks an important milestone in enhancing visibility of indigenous arts & crafts and showcasing the rich tapestry of Indian heritage and culture and providing empowerment of our underserved seller groups through the network of Central and State Handicraft and handloom emporiums” highlighted Shri Prashant Kumar Singh, CEO-GeM.

Continuing into this fiscal year, awareness, out-reach and capacity-building initiatives were further strengthened and GeM entered into MoUs with Dalit Indian Chamber of Commerce & Industry (DICCI), Assam Startup Nest and North Eastern Development Finance Corporation Limited (NEDFi) and have also conducted more than 320 training sessions for Buyers and Sellers across the country. GeM’s recently-launched interactive & multilingual training courses also witnessed remarkable user registration with 1,172 Buyers and 3,393 Sellers enrolled in the courses within just four months since its launch.

To maintain its pole position in the public procurement space, GeM is all set to deploy its generative AI-based chatbot called “GeMAI” in the coming quarter.