Public Procurement On GeM Expected To Cross INR One Lakh Crores By End Of This Financial Year


Prakash Mirani, Joint Secretary and ACEO, Government e-Marketplace (GeM), has stated that with 7 lakh registered MSMEs, including 2 lakh women entrepreneurs, 31,000 SC/ ST entrepreneurs, more than 9,000 start-ups, 3,000 SHGs, 1.5 lakh weavers and around 27,000 artisans, the Government e-Marketplace (GeM) has evolved as a self-certified trust-based technology enabler and facilitator where authentication of users are done through API integration with respective domain database. Addressing the FICCI Tech Thought Leadership Session on Frugal Procurement for ICT Services- Everything as a Service, Mirani said GeM is constantly engaging with stakeholders to make procurement processes contactless and faceless with accountability. Public procurement on GeM has been growing at a rapid pace and it is expected to cross INR one lakh crores by end of this financial year. It is essential to devise new methods of procurement so that buyers can access new technologies quickly. We are engaging with MEITY to bring more cloud services to the GeM portal.
Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Also Read

GAIL (India) wins award for highest procurement among CPSEs through GeM portal

BHEL's procurement through GeM exceeds Rs 1500 cr in first half of FY22

Gem and Jewellery Sectors Sees Financial Assistance And Banking Related Relief

Gem Spinners India reports standalone net loss of Rs 0.16 crore in the March 2021 quarter

Gem Spinners India reports standalone net loss of Rs 0.11 crore in the June 2021 quarter

India Records 18,833 New Covid Cases

Service Sector Expands For Second Month

Indian Economy Offers Fundamental Enablers For Inclusive Development

India Records 18,346 New Covid Cases

Government of India Announces Sale Of Four Dated Securities For Rs 24000 Crore

First Published: Oct 06 2021 | 2:07 PM IST

Explore News