GeM public procurement crosses Rs 1 trillion in just eight months

The Government e-Marketplace (GeM) portal on Tuesday crossed Rs 1 trillion in gross merchandise value (GMV) this financial year, according to the official data.

Cumulatively, GeM has surpassed GMV worth Rs 3 trillion since inception and the number of transactions on GeM exceeded 12 million.

Prashant Kumar Singh, director and chief executive officer, said by the end of the financial year, GeM would be the largest e-marketplace in India, beating e-commerce giants Amazon and Flipkart.

“The target for FY23 for the GeM portal is to achieve Rs 1.5 trillion in GMV. But, citing the pace of growth, it seems that