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The procurement of goods and services through the government portal GeM will exceed ₹4 trillion by the end of this fiscal year due to increased purchasing by various ministries and departments, according to a senior government official.
The government e-Market (GeM) platform was opened on August 9, 2016, to allow all central government ministries and departments to purchase products and services online.
According to GeM CEO P K Singh, procurement has exceeded ₹3 trillion and is expected to surpass ₹4 lakh crore this fiscal year.
The procurement value was ₹1.06 trillion in 2021–2022. Last year, it surpassed ₹2 trillion. Singh said that the share of Central Public Sector Enterprises (CPSEs) such as Coal India in the total buying goods and services is increasing at a healthy rate.
More than 245 CPSEs, including Coal India, SAIL, NTPC and SBI, are participating in the process. GeM has over 63,000 government buyer organisations and over 62 lakh sellers and service providers offering various products and services.
Currently, government departments, ministries, public sector units, state governments, and central armed police forces are allowed to carry out transactions through this portal.
The portal provides a wide range of products, from office stationery to vehicles. Automobiles, computers, and office furniture are some of the major product categories. Services, including transportation, logistics, waste management, webcasting, and analytical, are also listed on the portal.
States/union territories like Uttar Pradesh, Gujarat, Maharashtra, Delhi, Madhya Pradesh, Jammu & Kashmir, Odisha, Bihar, Assam, and Uttarakhand have placed significant amounts of procurement orders in the current financial year. "GeM's expansion into the services sector has played a pivotal role in driving its accelerated adoption. Services sector contribution in the total procurement has increased from 23% in 2021-22 to 50% this fiscal," Singh said.
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