back to top
BusinessGovernment Procurement Exceeds Rs 4 Trillion via Central GeM Portal in FY24

Government Procurement Exceeds Rs 4 Trillion via Central GeM Portal in FY24


GeM CEO P K Singh said the procurement has crossed Rs 4 trillion and that the procurement of services from the portal has jumped from Rs 66,000 crore in 2022-23 to Rs 2.05 trillion so far in FY24.

The procurement of goods and services through the centre's Government e-Market (GeM) portal has crossed Rs 4 trillion so far this fiscal as buying activities by various ministries and departments have picked up pace, a senior government official said on Friday, March 29.

Currently, government departments, ministries, public sector units (PSUs), state governments, and central armed police forces are allowed to carry out transactions through this portal. The portal provides a wide range of products from office stationery to vehicles. Automobiles, computers, and office furniture are some of the major product categories that are purchased by the government bodies for their use.

The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

Share post:


More like this

Power Grid Corporation approves Rs. 12,000 crore bonds issue for grid fortification

In a move to bolster the nation's power transmission...

India’s Dependency on Oil Imports Reaches New Annual Peak in FY24

India’s domestic consumption of petroleum products in FY24 rose...

Rupee plunges to record low of 83.54 against US dollar amid escalating global conflicts and FPI exits

Rupee Plunges to New Low amid Rising Global Tensions...

India’s exports dip marginally in March; 3.11% in FY24

N L Correspondent India’s merchandise exports dipped marginally in March...