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