Govt. e-market place reaches over Rs.1 lakh crore in supply value in one year

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It is a single procurement portal for all governments. buyers, says GeM adviser

It is a single procurement portal for all governments. buyers, says GeM adviser

The Government of India (GeM) electronics market surpassed the milestone of Rs.1 lakh crore in supply value in a single fiscal year i.e. 2021-2022 and has been steadily growing with new categories of products and services adviser, GeM (defense) Commodore (retired) Balbir Munjal said.

Addressing a ‘Seller Samvad’ held at the Press Information Bureau (PIB) office here on Friday, Mr Munjal said GeM was a one-stop procurement portal for all government buyers. , including central/state ministries, PSUs and departments. GeM brought about a dramatic change in the way procurement was made by government buyers and public sector companies.

“It is contactless, paperless and cashless and is built on three pillars of efficiency, transparency and inclusiveness,” he observed and asserted that the heterogeneous nature of GeM’s vendor base reflected the founding pillar inclusiveness.

Mr. Munjal further said that GeM had facilitated more than one crore of transactions valued at over Rs.2.82 lakh crore cumulatively and said the large number of registered government buyers (61,000) and 48.60 lakh of vendors and service providers were talking about the size and scale of its operations. .

About 2,000 minor features and more than 460 major features have been introduced in the GeM over the past 24 months, Munjal added.

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