GeM has potential to handle transactions up to $100 bn per annum: Official

"The present version of GeM will be upgraded after enhancing the system and a unified procurement system will be put in place," Kumar said

The Government eMarketplace (GeM), a portal floated for government offices to buy goods and services, has the potential to handle transactions up to $100 billion per annum, an official said on Tuesday.

The portal, launched in August 2016, has so far handled transactions of Rs 1,800 crore, processing 150,000 orders, he said.

Speaking at a webinar organised by ICC, GeM CEO Talleen Kumar said that the platform is a part of the 'Vocal for Local' initiative of the Centre.

"The potential of GeM is that the platform can handle transactions worth $100 billion per annum, given the fact that 18