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Procurement via GeM crosses target of Rs 2 trillion on last day of FY23

On March 30, GeM completed five million transactions in a single financial year for the first time ever

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Till date, among the CPSEs that procured the most via GeM are NTPC, Steel Authority of India, Indian Oil Corporation, BHEL and ONGC in FY23

Nikesh Singh New Delhi

2 min read Last Updated : Mar 31 2023 | 9:30 PM IST

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The Government e-Marketplace (GeM) portal has almost doubled its gross merchandise value (GMV) to Rs 2 trillion in FY23, achieving its target on the last day of the financial year. In FY22, the GMV of GeM was Rs 1.06 trillion.

On March 30, GeM completed five million transactions in a single financial year for the first time ever.

Cumulatively, GeM has surpassed GMV worth Rs 3.9 trillion since inception in 2016 and the number of transactions has exceeded 14 million.

“The accomplishment of the target is a collective effort of the entire GeM team and the platform has also ensured

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