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HomeBusinessProcurement through GeM tops 4 lack crore

Procurement through GeM tops 4 lack crore

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