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Nation As a consequence of elevated procurement actions of assorted ministries and departments of India, procurement of products and providers via the federal government platform GEM has crossed Rs 4 lakh crore to date within the present monetary 12 months. A senior authorities official gave this data on Friday. The Authorities e-Market (GeM) platform was launched on 9 August 2016 for on-line procurement of products and providers by all ministries and departments of the Central Authorities. GeM Chief Government Officer (CEO) P.Okay. Singh instructed reporters, “By March 28, the procurement had crossed Rs 4 lakh crore. That is historic. ,
Objects value Rs 1.95 lakh crore have been bought
The acquisition worth in FY 2021-22 was Rs 1.06 lakh crore and within the final monetary 12 months it crossed Rs 2 lakh crore. He mentioned procurement of providers from the platform has elevated from Rs 66,000 crore in FY 2022-23 to Rs 2.05 lakh crore to date within the present monetary 12 months. Equally, within the present monetary 12 months until March 28, items value Rs 1.95 lakh crore have been bought from the platform.
GEM ranks third on the planet
Presently, authorities departments, ministries, public sector items, state governments and central armed police forces are allowed to transact via this platform. South Korea’s KONEPS tops the record of such platforms worldwide. After this, Singapore’s GEBIZ is at second place after which GeM is at third place.
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2024-03-29 09:21:45
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