GeM Portal: Piyush Goyal, the minister of commerce and industry. Tweeted that the amount of government purchases made through the GeM site has surpassed one lakh crore rupees. PM Modi shared this information while also expressing his satisfaction.
The GeM Portal: The government’s online marketplace, GeM. It has made headlines recently because of the number of goods and services purchased through it. So far this fiscal year has surpassed one lakh crore rupees. The country’s various ministries and departments have increased their procurement activity, which is the cause of this. Among the top five states that make purchases through this web are Gujarat, Uttar Pradesh, Maharashtra, and Madhya Pradesh. All Ministries and Departments of the Central Government may now conduct online purchases of goods and services. Through the Government e-Market (GeM) platform, which was introduced on August 9, 2016.
Narendra Modi, the prime minister, expressed happiness.
The GeM platform, according to Prime Minister Narendra Modi, will “alter the game” for the nation in terms of entrepreneurship enthusiasm and transparency. In a tweet, PM Modi stated, “Very excellent news. GeM will fundamentally alter how India approaches entrepreneurship and transparency. I thank those who are promoting their goods on this platform and implore others to follow suit. While sharing a tweet from Commerce and Industry Minister Piyush Goyal, PM Modi expressed his satisfaction.
Piyush Goyal, the minister of commerce, tweeted the initial details.
Earlier, Piyush Goyal, minister of commerce and industry, disclosed the GeM platform’s procurement data. The gross merchandise value of GeM, which covers the fiscal year 2023 through November 29, 2022, reportedly exceeded one lakh crore rupees. In his tweet, he claimed that Prime Minister Narendra Modi’s strategy for democratic and open public procurement had produced a platform that had become a trustworthy partner for companies, particularly MSMEs.
Piyush Goyal, the minister of commerce, tweeted the initial details.
Earlier, Piyush Goyal, minister of commerce and industry, disclosed the GeM platform’s procurement data. The gross merchandise value of GeM, which covers the fiscal year 2023 through November 29, 2022, reportedly exceeded one lakh crore rupees. In his tweet, he claimed that Prime Minister Narendra Modi’s strategy for democratic and open public procurement had produced a platform that had become a trustworthy partner for companies, particularly MSMEs.
Explain GeM
The Government e-Marketplace (GeM) makes it easier for different government departments, organizations, and public undertakings to purchase common-use goods and services online. GeM seeks to increase the speed, efficiency, and openness of public procurement. Giving government users tools for e-bidding, reverse e-auctions, and demand aggregation to make their lives easier gives them the most value for their money.
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