India’s public procurement platform Government e Marketplace (GeM) has facilitated transactions of Rs 4 lakh crore till January.
As on 23rd January, 2025, GeM has clocked a gross merchandise value of Rs 4.09 Lakh Crore, which marks a growth of nearly 50% over the corresponding period last FY, a statement said.
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The services segment accounted for Rs 2.54 lakh crore or 62% of the total GMV whereas the product segment accounted for Rs 1.55 lakh crore or 38% of the total.
On GeM, 19 new service categories have been introduced on the portal so far this financial year
Services segment has grown by almost 100% in comparison to the corresponding period in previous FY by facilitating procurement of specialised services like printing of debit cards, bulk email services, dark fibre leasing and operations management of data centres.
The ministries of coal, defence, petroleum and natural gas, power and steel were the top five procurers on GeM. With transacted order value of nearly Rs 1.63 lakh crore, the Ministry of Coal has emerged as the top procurer, with more than 320 high-value bids, worth approximately ₹42,000 Crore, placed for handling and transport services by Coal PSUs.
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Since its operationalisation GeM portal has successfully facilitated over 2.59 Crore orders with a GMV of more than ₹11.64 Lakh Crore since inception.
The GeM has a network of more than 1.6 lakh government buyers and over 22.5 lakh sellers and service providers.
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