Team Blitz India
THE Ministry of Defence (MoD) has surpassed the gross merchandise value (GMV) of Rs 1 lakh crore transacted through the Government e-Marketplace (GeM) portal. Of this, transactions worth around Rs 45,800 crore have been awarded in the current financial year.
From procurement of general store items like eggs to missile systems and critical defence acquisitions, GeM helped MoD execute more than 5.47 lakh orders.
“The Ministry is the first central government entity to cross this figure, exemplifying its commitment towards optimising public spending in the defence sector. This milestone underscores the effort and commitment of the Ministry of Defence to embrace the change and set out as a key propeller of Prime Minister Shri Narendra Modi’s vision of a self-reliant India,” said CEO, GeM, P. K. Singh.
In line with GeM’s core value of maximising social inclusion, 50.7 per cent of the total orders, amounting to Rs 60,593 crore, were awarded to Micro and Small Enterprises (MSEs) by MoD buyers, driving India’s economy closer to self-reliance.
Through initiatives like demand aggregation modules, GeM continues to deliver cost-effectiveness and efficiency in government transactions. By pooling requirements for similar products across different organisations, GeM is maximising the benefits of large-volume procurement for buyers like the Ministry of Defence, demonstrating its commitment to driving transformative change in government procurement practices.
