Procurement of goods and services through Government procurement portal GeM has crossed the Rs one lakh crore mark in the current financial year so far. This is because of the increase in procurement activities of various ministries and departments.
The Government e-Market (GeM) portal was launched on 9 August 2016 for online procurement of goods and services by all Ministries and Departments of the Central Government. Prime Minister Narendra Modi on Tuesday said that the GeM portal is going to be a ‘game changer’ for the country in terms of entrepreneurship and transparency. Modi has called it very good news in a tweet.
GEM dice roller
He said GeM is going to be a game changer in enhancing India’s entrepreneurial spirit and transparency. I appreciate those who display their products on this platform and ask others to do the same. Earlier, Commerce and Industry Minister Piyush Goyal shared the procurement data from the GeM platform. GeM Chief Executive Officer (CEO) PK Singh said that considering the current trend, this figure could reach Rs 1.80 lakh crore by the end of this financial year.
Crossed the figure of one lakh crore rupees
Singh told reporters here, “Today we have crossed the figure of one lakh crore rupees. For the current financial year, our target was Rs 1.5 lakh crore, but looking at the current trend, we can reach Rs 1.80 lakh crore. Gujarat, Uttar Pradesh, Maharashtra and Madhya Pradesh are among the top five states purchasing from this portal. Regions included.
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