November 13, 2023
In 2021-22, the procurement value amounted to INR 1 trillion, surpassing INR 2 trillion the following year
Based on the current trend, it is anticipated to exceed INR 3 trillion
GeM boasts a substantial network with over 63,000 government buyer organisations and more than 6.2 million sellers and service providers
South Korea's KONEPS is the world's largest platform in this category. GeM currently has the third position, following Singapore's GeBIZ
The government’s procurement of goods and services through the GeM portal has surpassed INR 2 trillion in the current fiscal year, driven by increased purchasing activities across various ministries and departments.
In 2021-22, the procurement value amounted to INR 1 trillion, surpassing INR 2 trillion the following year. Based on the current trend, it is anticipated to exceed INR 3 trillion.
GeM boasts a substantial network with over 63,000 government buyer organisations and more than 6.2 million sellers and service providers, offering diverse products and services. Government departments, ministries, public sector units, state governments, and central armed police forces can conduct transactions through this portal.
The platform facilitates a broad spectrum of products, ranging from office stationery to vehicles, with significant categories including automobiles, computers, and office furniture. Additionally, GeM lists various services such as transportation, logistics, waste management, webcasting, and analytical services.
It’s noteworthy that South Korea’s KONEPS is the world’s largest platform in this category. GeM currently holds the third position globally, following Singapore’s GeBIZ.
Launched on August 9, 2016, the Government e-Marketplace (GeM) facilitates online transactions for goods and services by all central government ministries and departments.
Source: Economic Times