The Government e-Market (GeM) has achieved over Rs 4 lakh crore in procurement this fiscal year. Launched in 2016, GeM facilitates online purchases for government agencies, with defense sector buyers procuring goods and services like missile parts. GeM is considering expanding to include works contracts and opening the portal to consumers.
Launched in August 2016, the total value of orders placed through GeM in 2018-19 was Rs.17,445 crore, which gradually went up to about Rs.1.07 lakh crore in 2021-22 | Latest News India
GeM doubles procurement to ₹4-lakh crore in FY24 - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Soon, Govt to enter e-tailing via GeM portal financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.