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Ministry of Defence achieves milestone with Rs 1 lakh crore orders on Government e-Marketplace

The Ministry of Defence (MoD) has achieved a significant milestone by transacting over Rs 1 lakh crore through the Government e-Marketplace (GeM) portal. This milestone highlights MoD s commitment to efficient public spending in the Defence sector. GeM has played a crucial role in facilitating a wide range of procurement needs for MoD, from general items to critical defence acquisitions. Notably, over 50% of the orders, amounting to Rs 60,593 Crore, have been awarded to Micro and Small Enterprises (MSEs), contributing to India s self-reliance goals. MoD s early adoption of GeM and engagement of Defence PSUs have further enhanced procurement processes and sales, marking a significant shift in the procurement landscape. ....

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Cochin Shipyard bags Rs 10,000 cr Navy order for six missile vessels

Kochi (Kerala) [India], February 23 (ANI): Cochin Shipyard Ltd (CSL) said on Tuesday it has been declared as the lowest bidder by Ministry of Defence for construction of six next-generation missile vessels to be used by Indian Navy. ....

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