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NEW DELHI: The procurement of goods and services through Govt e-Market portal GeM has crossed Rs 4 lakh crore so far this fiscal due to higher buying activities by various ministries and departments, a senior government official said .
GeM was launched on August 9, 2016, for online purchases of goods and services by all central govt ministries and departments.”As of March 28, procurement has crossed Rs 4 lakh crore. It is historic,” GeM CEO P K Singh said. In 2021-22 procurement value stood at Rs 1.1 lakh crore and it crossed Rs 2 lakh crore last fiscal. He said procurement of services from the portal has jumped from Rs 66,000 crore in 2022-23 to Rs 2.1 lakh crore. agencies
GeM was launched on August 9, 2016, for online purchases of goods and services by all central govt ministries and departments.”As of March 28, procurement has crossed Rs 4 lakh crore. It is historic,” GeM CEO P K Singh said. In 2021-22 procurement value stood at Rs 1.1 lakh crore and it crossed Rs 2 lakh crore last fiscal. He said procurement of services from the portal has jumped from Rs 66,000 crore in 2022-23 to Rs 2.1 lakh crore. agencies
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