Key Points
Procurement through the GeM portal have enabled the government to save over Rs 45,000 crore since its launch in 2016, the commerce ministry said on Wednesday..
Launched in 2016, GeM facilitates transparent and efficient procurement for government departments, organisations and PSUs...
"A hallmark of GeM's success lies in its dedication to cost savings, having enabled the government to save over Rs 45,000 crore since 2016," it said in a statement...
With nearly 6.5 million sellers and 70,000 government buyers registered on the platform as of July 2023, the cumulative GMV (Gross Merchandise Value) surpassed Rs 4.5 lakh crore, showcasing the platform's enduring impact...
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01, Nov, 23The 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.
Public procurement: Govt purchases from MSMEs cross Rs 4 lakh crore through GeM portal
23, Apr, 23Ease of doing business for MSMEs: “Winning with trust! @GeM_India marks another milestone in public procurement. PM @NarendraModi has ensured transparency & a level-playing field for MSMEs and small businesses,” Commerce Minister Piyush Goyal tweeted hailing GeM’s growth.
Government procures 42 per cent more than the set target from MSEs under the Public Procurement Policy
12, May, 23Ease of Doing Business for MSMEs: The top buyer of MSME goods from GeM was the defence ministry in FY23 which nearly doubled its online procurement from the previous fiscal.
Procurement from GeM portal crosses Rs 2 lakh crore so far this fiscal
13, Nov, 23GeM has over 63,000 government buyer organisations and over 62 lakh sellers and service providers, offering a wide range of products and services. Currently, government departments, ministries, public sector units, state governments, and central armed police forces are allowed to carry out transactions through this portal.
GeM organizes district-level workshops for buyers and sellers across Uttar Pradesh
12, Jun, 23Ease of Doing Business for MSMEs: The workshop will provide the MSME sellers with the proper knowledge and know-how about the functioning of the public procurement platform and resolve their queries and doubts, if any.
UP government top buyer from GeM portal in FY23
19, May, 23Uttar Pradesh emerged as the largest buyer of goods and services among all states and Union Territories from government portal GeM in 2022-23, according to the central government data.