Key Points
The procurement of goods and services from the government portal GeM has crossed Rs 2 lakh crore so far this fiscal due to higher buying activities by different ministries and departments..
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...
Government e-Marketplace achieves an impressive Rs 2 lakh crore gross merchandise value in just eight months of 2023-24," Commerce and Industry Minister Piyush Goyal said on social media platform X...
GeM 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...
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FY24 services procurement from GeM seen Rs 1.5 lakh crore
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GeM enabled govt to save over Rs 45,000 crore since 2016: Commerce ministry
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FinMin pushes PSBs to enhance procurement via GeM to Rs 10,000 cr in FY24
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States’ procurement via GeM up 60% to 16 lakh in FY23
02, Apr, 23Orders placed by States on the government’s online public procurement platform, Government e Marketplace (GeM), increased 60 per cent in to 16 lakh in FY23 compared to 10 lakh in the previous fiscal with the Health & Family Welfare Department of Gujarat placing the single largest bid of ₹1,120 crore for group mediclaim, as per government estimates.
GeM doubles business this fiscal, gross merchandise value crosses Rs 4 lakh crore
30, Mar, 24New Delhi [India], March 29 (ANI): Government e-Marketplace (GeM) has closed the current fiscal year on a high note, crossing the milestone of Rs 4 lakh crore in Gross Merchandise Value (GMV). According to a press release by the Ministry Commerce and Industry, this achievement marks a doubling of GMV compared to the previous fiscal […]
GeM: MSMEs sold 88% more goods to govt in FY23 from previous fiscal; seller count crosses 60 lakh
02, Apr, 23Ease of doing business for MSMEs: Hailing GeM’s growth, Prime minister Narendra Modi tweeted on Friday, “Excellent! @GeM_India has given us a glimpse of the energy and enterprise of the people of India. It has ensured prosperity and better markets for many citizens.”
GeM is a digital tool in the national interest: Goyal
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