What is the total procurement value on GeM this fiscal year?

The Government e-Marketplace (GeM) has seen its procurement of goods and services cross Rs 4 lakh crore during the current fiscal year.

How many orders have been processed on the GeM portal recently?

The GeM platform has processed over 50 lakh buying and selling orders for government ministries and departments.

What percentage of GeM procurement orders go to MSMEs?

Approximately 45% of public procurement orders on GeM are placed with MSMEs, exceeding the mandatory 25% requirement.

Home / Business and Economy / GeM Portal Surges Past Rs 4 Lakh Crore Procurement

GeM Portal Surges Past Rs 4 Lakh Crore Procurement

4 Feb

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Summary

GeM procurement surpasses Rs 4 lakh crore this fiscal year.
Over 50 lakh buying and selling orders processed on the platform.
MSME procurement orders at 45%, exceeding the 25% mandate.

GeM Portal Surges Past Rs 4 Lakh Crore Procurement

The Government e-Marketplace (GeM) has seen its procurement of goods and services cross the Rs 4 lakh crore mark during the current fiscal year. This achievement is underscored by over 50 lakh buying and selling orders processed through the platform by government ministries and departments.

GeM CEO Mihir Kumar highlighted that approximately 45% of all public procurement orders are currently being placed with MSMEs. This figure notably surpasses the mandatory requirement of 25%, demonstrating a strong commitment to supporting smaller enterprises.

Since its launch on August 9, 2016, GeM has facilitated a total of Rs 17.33 lakh crore in government procurement. The portal currently hosts over 1.5 lakh government buyers and more than 62 lakh sellers and service providers, offering a vast array of products and services.