In 2021-22 the procurement worth stood at Rs 1.06 lakh crore and it crossed Rs 2 lakh crore final monetary yr. (File Photo: News18)
As of March 28, the procurement has crossed Rs 4 lakh crore, it’s historic, says GeM CEO P Ok Singh
The procurement of products and providers by means of authorities’s portal GeM has crossed Rs 4 lakh crore to this point this fiscal on account of greater shopping for actions by varied ministries and departments, a senior authorities official stated on Friday. The Government e-Market (GeM) portal was launched on August 9, 2016, for on-line purchases of products and providers by all central authorities ministries and departments.
“As of March 28, the procurement has crossed Rs 4 lakh crore. It is historic,” GeM CEO P Ok Singh informed reporters right here. In 2021-22 the procurement worth stood at Rs 1.06 lakh crore and it crossed Rs 2 lakh crore final monetary yr. He stated that procurement of providers from the portal has jumped from Rs 66,000 crore in 2022-23 to Rs 2.05 lakh crore to this point this fiscal.
Similarly, items value Rs 1.95 lakh crore have been purchased from the platform until March 28 this fiscal. GeM has over 63,000 authorities purchaser organisations and over 62 lakh sellers and repair suppliers providing a variety of services and products.
Currently, authorities departments, ministries, public sector items, state governments, and central armed police forces are allowed to hold out transactions by means of this portal. The portal offers 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 earth. GeM stands on the third place after Singapore’s GeBIZ.
States/Union Territories equivalent to Uttar Pradesh, Gujarat, Maharashtra, Delhi, Madhya Pradesh, Jammu & Kashmir, Odisha, Bihar, Assam, and Uttarakhand have positioned important procurement orders within the present fiscal.
