In January 2026, the Government e-Marketplace (GeM) and MVIRDC (M. Visvesvaraya Industrial Research and Development Centre) World Trade Centre Mumbai (WTC Mumbai) signed a Memorandum of Understanding (MoU) to promote domestic and international collaboration and enhance Micro, Small and Medium Enterprises (MSMEs) participation in public procurement.
- The partnership aims to boost GeM’s global presence and promote inclusive opportunities for startups, women entrepreneurs, and smaller enterprises.
- What? MoU signed
- Entities: Government e-Marketplace (GeM) and MVIRDC(WTC Mumbai)
- Objective: Strengthen MSME participation
- Focus Areas: Capacity building, AI, sustainability, green procurement, global supplier outreach
Key Details of MoU :
Collaboration: The MoU created a formal collaboration framework between the two institutions, with emphasis on supplier development, capacity building, and access to international markets.
Focus: Global outreach through webinars, buyer–seller meets, trade fairs, and onboarding of international suppliers on the GeM platform.
Key Areas: Policy dialogue on Artificial Intelligence (AI) and sustainable procurement, global training programmes, supplier readiness frameworks, and international outreach through WTC networks.
Governance: Establish a Joint Working Group to oversee implementation and ensure alignment with GoI policies.
Impact: Support Ease of Doing Business, empower MSMEs under Atmanirbhar Bharat, and advance Viksit Bharat 2047 vision.
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