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Govt e-Marketplace transactions Updates
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4x increase in Govt e-Marketplace transactions

4x increase in Govt e-Marketplace transactions

GeM, the portal that meets the procurement needs of central and state government departments and PSUs, recorded a total transaction value of more than Rs 23,000 crore in FY2018-19. The fiscal year ended with more than 2 lakh sellers and saw 50% more traffic on its website.

 

The GeM was launched by the Ministry of Electronics and Information Technology in 2016. Any government department or PSU can use it for direct online purchases for up to Rs 50,000. Above that limit, it must be made from the supplier with the lowest price who meets all quality, specification and delivery requirements.

 

https://www.medianama.com/2019/04/223-gem-transactions-value-increase-2018/

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