Procurement of goods and services from the government portal GeM has crossed Rs 1 lakh crore so far this fiscal on account of an increase in buying activities by different ministries and departments, a senior official said on Tuesday.
The Government e-Market (GeM) portal was launched on August 9, 2016, for online purchases of goods and services by all the Central government ministries and departments.
GeM CEO P K Singh said that going by the trend, the numbers may reach Rs 1.80 lakh crore by the end of this fiscal.
The portal will become the "largest" e-commerce platform in India this fiscal, by crossing "Amazon and Flipkart also", he added.
"Today, we have crossed Rs 1 lakh crore figure. Our target for this fiscal was Rs 1.5 lakh crore but going by the trend, we may reach Rs 1.80 lakh crore," Singh told reporters here.
In 2021-22, it stood at Rs 1.06 lakh crore.
The top five states buying from the portal include Gujarat, Uttar Pradesh, Maharashtra, and Madhya Pradesh.
The portal provides a wide range of products from office stationery to vehicles.
GeM has over 63,000 government buyer organisations, over 54 lakh sellers and service providers offering a wide range of products and services.
Further, he said that GeM has recently launched a focused campaign to boost procurement via states.
According to him, dedicated nodal officers with a data-backed roadmap have been identified for select states.
South Korea's KONEPS is the largest such platform in the world. Currently, GeM stands at the third position after Singapore's GeBIZ.
He exuded confidence that the GeM platform is growing at a faster pace and it would surpass GeBIZ this year.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
'Borrowed' leaders: Congress hits out at AAP for not fielding their own candidates in Punjab
Apr 28, 2024 9:53 PM
EC asks AAP to modify election campaign song and Kejriwal's party is miffed
Apr 28, 2024 9:25 PM