FY20 official procurement through national portal may touch Rs 50,000 crore

NEW DELHI: Led by higher purchases of goods and services by public sector units through the Government e-Marketplace (GeM), the government expects total official procurement to jump to Rs 50,000 crore this financial year from Rs 17,325 crore in FY19.

Among states, Uttar Pradesh, Madhya Pradesh and Maharashtra are the biggest users of GeM, which is India’s national public procurement portal for completely online purchase of goods and services by government organisations.