GeM portal clocks Rs. 1-lakh cr procurement
Procurement of goods and services from government portal GeM has crossed Rs 1 lakh crore during this fiscal on account of a sharp increase in buying activities by different ministries and departments, a senior official said on Thursday.
image for illustrative purpose
New Delhi: Procurement of goods and services from government portal GeM has crossed Rs 1 lakh crore during this fiscal on account of a sharp increase in buying activities by different ministries and departments, a senior official said on Thursday.
The Government e-Market (GeM) portal was launched on August 9, 2016, for online purchases of goods and services by all the central government ministries and departments.
Earlier, the portal had crossed the Rs 1 lakh crore mark in about four-and-a-half years but now this was achieved during the current fiscal, GeM CEO P K Singh told reporters here. He expressed confidence that during the next fiscal, the procurement value may cross Rs1.5 lakh crore.
Procurement by central public sector enterprises (CPSEs) rose multifold to about Rs 43,000 crore. Singh said that to promote inclusivity, GeM is integrating with panchayati raj institutions to allow online buying and selling by panchayats.
