Public procurement via GeM portal to cross Rs 2 trillion in FY23: Official

Procurement of goods and services from government portal GeM is expected to cross Rs 2 lakh crore during this fiscal year on account of an increase in buying activities by different ministries and departments, a top official said on Wednesday.

The procurement crossed Rs 1.5 lakh crore on February 1.

CEO of the Government e-Market (GeM) P K Singh said huge potential is there in states and public sector undertakings to increase the buying from the platform.

“After crossing Rs 1.5 lakh crore, we are aspiring for Rs 2 lakh crore for the full fiscal,” Singh told reporters here.