Procurement through government e-marketplace portal surpasses record Rs 1 trillion in FY22

Prime Minister Narendra Modi also praised the performance of the GeM portal, adding that the platform particularly empowers small businesses. “Happy to know that @GeM_India has achieved Rs 1 lakh crore in orders in a single year! That’s a significant increase from previous years,” he tweeted.

A surge in purchases by various ministries and departments pushed the procurement of goods and services through the government e-marketplace (GeM) portal to a record Rs.1 trillion this fiscal year.

Ahead of the latest feat, GeM chief executive PK Singh said procurement through the portal only surpassed the 1 trillion mark in about four and a half years. It has now been achieved in the current financial year itself. It has emerged as one of the top five e-government procurement systems in the world, he added. He expressed confidence that procurement through GeM will top Rs 1.5 trillion in the next fiscal year.

The GeM portal was launched in August 2016 as the center wanted to improve transparency in the purchase of various goods and services by all central government ministries, departments and public companies and state governments, apart from providing a new platform for official procurement. Vendors range from small businesses to large corporations. Interestingly, no Chinese products are sold on the portal, Singh added. Procurement by central public companies alone rose many times over in FY22 to about 43,000 rupees.

Prime Minister Narendra Modi also praised the performance of the GeM portal, adding that the platform particularly empowers small businesses. “Happy to know that @GeM_India has achieved Rs 1 lakh crore in orders in a single year! That’s a significant increase from previous years,” he tweeted.

The portal will enable panchayats to buy and sell online on a large scale. “The pilot project in the Gurugram district of Panchayats has been successfully completed and we will now roll it out across the country,” Singh said. It is also in an advanced stage of integration with India Post to expand logistics services across the country. In addition, at least 10,000 start-ups have registered on the GeM platform so far. Uttar Pradesh, Delhi, Gujarat and Madhya Pradesh lead the ranks of state governments in purchasing through this portal.

The GeM portal offers a wide range of products – from office supplies and vehicles to computers and office furniture. Services such as transport, logistics and waste disposal are also offered by sellers on the portal.

https://www.financialexpress.com/economy/procurement-via-government-e-marketplace-portal-crosses-record-rs-1-trillion-in-fy22/2470525/ Procurement through government e-marketplace portal surpasses record Rs 1 trillion in FY22

Chris Barrese

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