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Even the variety of orders in a yr stood at an all-time excessive at 50,00,000. The year-wise procurement by means of the portal stood at Rs 422 crore in FY’17, Rs 5,876 crore in FY’18, Rs 17,462 crore in FY’19, Rs 22,989 crore in FY’20 and Rs 38,573 crore in FY’21.
The overall procurement by means of the portal since its inception stood at Rs 3.9 lakh crore with an estimated 10% or over Rs 35,000 crore of financial savings to the federal government.
As per the federal government, out of the full procurement, the central authorities purchases stood at Rs 1,55,586 crore in FY’23 as in opposition to Rs 75,267 crore in FY’22, a rise of 106.7%.
Even the states’ procurement witnessed a rise of 35.7% to Rs 42,470 crore in comparison with Rs 31.280 crore in 2021-22.
“Reaching a milestone of Rs 2 lakh crore in 5 years exhibits that the experiment of PM Narendra Modi has been an incredible success. Procurement by means of GeM is just not solely easy and clear but in addition permits folks from all around the world to promote their merchandise on the portal,” commerce and trade minister Piyush Goyal stated on Saturday.
In line with Goyal, PM has at all times urged for our ladies entrepreneurs, startups, MSME sector to have the ability to take part in a good and equitable method in authorities procurement. GeM is a 100% authorities owned and nationwide public procurement portal. It was launched in 2016 by the ministry of commerce and trade with an goal to create an open and clear procurement platform for presidency consumers.
