FY24 services procurement from GeM seen Rs 1.5 lakh crore

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Procurement of services from the Government e-Market (GeM) is expected to touch Rs 1.5 lakh crore this fiscal from Rs 65,957 crore in 2022-23, GeM CEO P K Singh said on Wednesday..

He also said that Coal India, NTPC Ltd and ONGC, states like Gujarat, Uttar Pradesh, Delhi, Uttarakhand, Punjab and Nagaland, and ministries such as coal, power, defence and finance, are the top buyers of services from the national procurement portal...

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...

The main service categories which are in demand include manpower outsourcing, vehicle hiring, mine development and operations, handling, transport and other mining services, insurance, IT and medical.. About 10 types of insurance services are available on the platform such as group mediclaim, assets, liability, motor, livestock, crop and medical..

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