You are here: Home » News-CM » Economy » News
Business Standard

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

Capital Market 

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

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, October 06 2021. 14:07 IST