MUMBAI: In the financial year 2022-2023, procurement of goods and services from government portal Government e Marketplace (GeM) has crossed the Rs 2 lakh crore mark. This was stated by Union Commerce and Industry Minister Piyush Goyal at a press conference on the landmark achievement of GeM. He highlighted the role of GeM as a digital tool in the public and national interest. GeM is a symbol of the speed with which PM Narendra Modi has taken the country forward through modern technology, said the Minister.
After the GeM portal was launched in 2017, business worth about Rs 400 crore was done, and in the second year, GeM did business of about Rs 5800 crore. The business through GeM has grown from around Rs 35000 crore two years ago and tripled last year to Rs 1 lakh 6 thousand crore, the Minister informed. Growing to Rs 2 lakh crore in five years shows that this experiment of the Prime Minister has been successful, he further stated.
As on 31st March 2023, GeM has recorded a staggering ₹ 2 lakh crore of GMV in FY 2022-23. Cumulatively, GeM has surpassed the ₹ 3.9 lakh crore GMV since inception, with the overwhelming support of its stakeholders. The total number of transactions on GeM has also crossed 1.47 crore.
