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Govt targets Rs 50,000-crore of public procurement through GeM in FY20

In three years, government e-marketplace procurement stands at Rs 24,183 crore

Topics
Government E-market Portal  |  Treds  |  Msme

Subhayan Chakraborty  |  New Delhi 

Three years after its inauguration, the government e-marketplace (GeM) has seen the cumulative procurement by the central and state governments reach Rs 24,183 crore at the end of 2018-19. All public sector agencies are mandated to directly purchase common-use goods and services through the online portal.

Official estimates by the commerce department show a target of Rs 50,000 crore in 2019-20, ultimately hitting Rs 1 trillion worth of procurements by 2021. However, this will still be much lower than the total gamut of government procurement in the country, currently at Rs 5.5 ...

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First Published: Mon, April 15 2019. 23:29 IST
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