![Procurement from GeM portal crosses ₹3 lakh in 11 months](https://images.assettype.com/fortuneindia%2F2022-02%2F1729dd23-4a9e-4351-9f3a-026889f0348d%2FGettyImages_1086891678.jpg?rect=0,98,2121,1061&w=300&q=95)
Procurement from GeM portal crosses ₹3 lakh in 11 months
GeM has directly connected over 20 lakh sellers and service providers with more than 3 lakh Government buyers.
GeM has directly connected over 20 lakh sellers and service providers with more than 3 lakh Government buyers.
EBITDA without ESOP costs improved to ₹153 crore as compared to a loss of ₹166 crore in Q2 FY23.
The ministry has so far contributed ₹72,225.30 crore in the gross merchandise value (GMV) of GeM.
The average GMV per day has also witnessed significant growth from ₹412 crore per day in FY23 to ₹690 crore per day in FY24.