Boosted by strong demand from states, GeM sets target of Rs 50,000 crore turnover

Government E-Marketplace (GeM): Riding on the strong demand for computers, smart phones, bicycles and passenger motor vehicles from the states, the online marketplace for public procurement GeM aims to achieve the target of Rs 50,000 crore turnover (GMV) in the current fiscal. GeM has seen steady rise in overall sales through its platform since its launch in 2016, touching an all time high figure of over Rs 17,000 crore in the last fiscal.

The total sales taking place through GeM has witnessed a four fold jump in the last fiscal, from Rs 5884 crore to nearly Rs 22,000 crore. However, the actual value of confirmed transactions has been pegged at Rs 17,327 crore as the final placement of orders worth over Rs 4,200 crores has been delayed due to ongoing election process and other reasons.

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