The procurement of products and companies from the federal government portal GeM has crossed ₹2 lakh crore so far this fiscal as a consequence of larger shopping for actions by completely different ministries and departments.
The authorities e-Market (GeM) portal was launched on August 9, 2016, for on-line purchases of products and companies by all of the central authorities ministries and departments.
“Gem of a landmark! Government e-Marketplace achieves an impressive ₹2 lakh crore gross merchandise value in just eight months of 2023-24,” Commerce and Industry Minister Piyush Goyal mentioned on social media platform X.
In 2021-22, the procurement worth stood at ₹1.06 lakh crore. It crossed ₹2 lakh crore final yr, and going by the development this yr, it might cross ₹3 lakh crore.
GeM has over 63,000 authorities purchaser organisations and over 62 lakh sellers and repair suppliers, providing a variety of services.
Currently, authorities departments, ministries, public sector items, state governments, and central armed police forces are allowed to hold out transactions by this portal.
The portal gives a variety of merchandise from workplace stationery to autos.
Automobiles, computer systems and workplace furnishings are a few of the main product classes.
Services, together with transportation, logistics, waste administration, webcasting and analytical, are listed on the portal.
South Korea’s KONEPS is the biggest such platform on the planet.
Currently, GeM stands at third place after Singapore’s GeBIZ.
The commerce ministry, in a press release, mentioned that central public sector enterprises (CPSEs) account for 83% of the overall shopping for.
States/UTs like Uttar Pradesh, Gujarat, Maharashtra, Delhi, Madhya Pradesh, Jammu & Kashmir, Odisha, Bihar, Assam, and Uttarakhand have positioned important quantities of procurement orders within the present monetary yr.
“GeM’s expansion into the services sector has played a pivotal role in driving its accelerated adoption,” it mentioned, including companies sector contribution within the whole procurement has elevated from 23% in 2021-22 to about 46% within the present fiscal.
The portal shows a various catalogue of almost 312 service classes and greater than 11,800 product classes.
Cumulatively, GeM has surpassed the ₹5.93 lakh crore procurement since its inception.
Further, almost 49% of the overall order worth transacted by the platform has been awarded to micro and small enterprises (MSEs).
“In just seven months, more than 45,000 MSEs have registered as sellers/service providers registered on GeM,” it mentioned, including that the portal has led to the federal government’s saving of over ₹45,000 crore since 2016.
