GeM tech partner creates govt platform for global markets
Intellect’s government procurement exchange platform (iGPX) provides over 100 procurement methods followed by countries globally.
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GeM portal clocks ₹1 lakh cr order value from defence ministry
50.7% of the total orders, amounting to ₹60,593 crore, have been awarded to micro and small enterprises by MoD buyers
India plans a digital Drug Regulatory System
It will be a unified portal for all regulatory activities relating to drugs, pharmaceuticals, vaccines, medical devices, cosmetics, testing laboratories, and related areas.
Govt e-Marketplace surpasses ₹1-lakh cr GMV in 145 days
The average GMV per day has also witnessed significant growth from ₹412 crore per day in FY23 to ₹690 crore per day in FY24.
GeM sees UPI-like surge in adoption; 100% growth to ₹1.53 lakh cr in FY23
State government orders on the platform have grown 72%- from 6.88 lakh orders in March-Jan FY22 to 11.8 lakh orders in until Feb 1, FY23.
Cooperative societies to get access to over 45 lakh vendors via GeM
Purchases through GeM will provide benefits such as competitive prices to cooperatives.
Prices on govt's GeM portal up to 10% cheaper than Amazon, Flipkart: Economic Survey
10 out of 22 products in a sample were cheaper on the GeM portal as compared with other online platforms, according to the survey.
