<h1>Government e-Marketplace (GeM) Expands Procurement Efficiency with New Banking Partnerships and Diverse State Transactions.</h1> GeM SPV has been established as the National Public Procurement Portal to streamline procurement for government organizations. It offers an end-to-end platform for products and services, supporting direct purchase, e-bidding, and reverse auctions without registration fees. GeM signed an MoU with Canara Bank and Indian Bank to enhance online banking services. As of November 27, 2019, there were 40,626 registered buyer organizations and 303,151 sellers/service providers. The procurement volume through GeM varies by state, with significant transactions in states like Maharashtra, Gujarat, and Uttar Pradesh. This information was provided by the Minister of Commerce and Industry in a Lok Sabha session.