Procurement from GeM portal crosses Rs 2 L crore so far this fiscal

The procurement of goods and services from the government portal GeM has crossed Rs 2 lakh crore so far this fiscal due to higher buying activities by different ministries and departments.

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.

“Gem of a landmark! Government e-Marketplace achieves an impressive Rs 2 lakh crore gross merchandise value in just eight months of 2023-24,” Commerce and Industry Minister Piyush Goyal said on social media platform X.

In 2021-22, the procurement value stood at Rs 1.06 lakh crore. It crossed Rs 2 lakh crore last year, and going by the trend this year, it may cross Rs 3 lakh crore.