Procurement through GeM portal surpasses Rs 2 lakh crore in FY23

The annual procurement through government e marketplace (GeM portal) has surpassed Rs 2 lakh crore in 2022-23, first time since the launch of the portal in FY2017. The total procurement in the fiscal ended March 31, 2023 stood at Rs 2,00,401 crore compared to Rs 1,06,547 crore in FY’22, registering a growth of 88.1%, the ministry of commerce and industry said on Saturday.