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The Government e-Market (GeM) has achieved over Rs 4 lakh crore in procurement this fiscal year. Launched in 2016, GeM facilitates online purchases for government agencies, with defense sector buyers procuring goods and services like missile parts. GeM is considering expanding to include works contracts and opening the portal to consumers.
India Business News: The Government e-Market (GeM) portal has surpassed Rs 4 lakh crore in procurement this fiscal year. CEO P K Singh highlighted increased buying activit
The Ministry of Defence (MoD) has surpassed Rs 1 lakh crore in procurement through the Government e-Market (GeM) portal, with nearly half of the transactions occurring in the current fiscal year. GeM, launched in 2016, facilitates online purchases for central government ministries. MoD has executed over 5.47 lakh orders, with around Rs 45,800 crore awarded this fiscal year. Notably, 50.7% of orders, totaling Rs 60,593 crore, have been awarded to Micro and Small Enterprises (MSEs).
On Monday, Sharad Pawar, founder of the Nationalist Congress Party (NCP), responded to his nephew Ajit Pawar's recent comments about the 1978 political move led by Sharad Pawar against then Maharashtra Chief Minister Vasantdada Patil.
Cumulatively, GeM has surpassed the ₹3 lakh crore GMV since inception, with the overwhelming support of its stakeholders