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
50.7% of the total orders, amounting to ₹60,593 crore, have been awarded to micro and small enterprises by MoD buyers
GeM has directly connected over 20 lakh sellers and service providers with more than 3 lakh Government buyers.
The average GMV per day has also witnessed significant growth from ₹412 crore per day in FY23 to ₹690 crore per day in FY24.
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.
Purchases through GeM will provide benefits such as competitive prices to cooperatives.
10 out of 22 products in a sample were cheaper on the GeM portal as compared with other online platforms, according to the survey.