GeM's Sales Turnover Doubles to Rs 4 Lakh Crore in 2023-24
The Government e-Marketplace (GeM) has reported significant growth, closing the financial year 2023-24 with a...
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The Government e-Marketplace (GeM) has reported significant growth, closing the financial year 2023-24 with a...
The Government e-Marketplace (GeM) has closed the 2023-24 financial year with a Gross Merchandise Value (GMV) of a staggering Rs 4 lakh crore which is double that of the corresponding figure for the previous fiscal year (2022-23), the Commerce ...
Get latest articles and stories on Business at LatestLY. The surge in GMV can be attributed to the substantial increase in the procurement of services through the GeM portal, which witnessed a staggering 205 per cent growth compared to the previous fiscal year Business News | GeM Doubles Business This Fiscal, Gross Merchandise Value Crosses Rs 4 Lakh Crore.
Notably, the GMV is double to what was clocked at the end of previous Fiscal Year.
Government e Marketplace has closed this financial year with ₹ 4 lakh crore in Gross Merchandise value (GMV) - doubling its GMV clocked at the end of previous Fiscal Year. This testifies to the portal’s unique digital capabilities and functionalities that have facilitated greater efficiency, transparency, and seamlessness in public procurement. The procurement of Services…