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The Government e-Market (GeM) portal was launched on August 9, 2016, for online purchases of goods and services by all the central government ministries and departments. GeM CEO P K Singh said that services procurement was just Rs 3,069 crore in 2019-20 but reached Rs 65,957 crore in FY23.
Government procurement of services through the GeM portal is expected to reach Rs 1.5 lakh crore in the current fiscal year, according to GeM CEO P K Singh. The platform, which facilitates online purchases of goods and services for central government ministries and departments, has seen significant growth in services procurement, with Rs 65,957 crore spent in the 2022-23 fiscal year, up from Rs 3,069 crore in 2019-20.
Prime Minister Narendra Modi and Prime Minister of Bangladesh, Sheikh Hasina jointly inaugurated three Indian-assisted development projects via video conferencing. The three projects are Akhaura- Agartala Cross-Border Rail Link, Khulna - Mongla Port Rail Line and Unit – II of the Maitree Super Thermal Power Plant in Rampal, Bangladesh.
The three projects are the Akhaura - Agartala Cross-Border Rail Link; Khulna - Mongla Port Rail Line; and Unit - II of the Maitree Super Thermal Power Plant. The Akhaura-Agartala Cross-Border Rail Link project has been executed under the Government of India grant assistance of INR 392.52 crore extended to Bangladesh. The length of the rail link is 12.24 km with a 6.78 km Dual Gauge rail line in Bangladesh and 5.46 km in Tripura, the PMO's statement added.
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