Key Points
The finance ministry on Monday said central public-sector enterprises (CPSEs) purchased goods and services worth as much as Rs 1,36,607 crore from the Government e-Marketplace (GeM) portal as of December 6 this fiscal, up almost 28% from the level reached in the entire last fiscal...
About a third of these purchases, or worth about Rs 46,013 crore, were from the micro, small and medium enterprises this fiscal, minister of state for finance Pankaj Chaudhary said in a written reply to the Lok Sabha...
The government has raised the mandatory minimum purchases from MSMEs by various government departments and CPSEs to 25% from 20% earlier, the minister said..
The government had launched the GeM portal in August 2016, as it wanted to enhance transparency in purchases of various goods and services by all ministries, departments and public-sector firms and state governments, in addition to providing a modern platform for official procurement..
In July last year, the government had also asked all its ministries and departments and central public-sector enterprises (CPSEs) to conduct all purchases through the GeM portal only by the end of FY23..
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