GeM Records 136 Pc Quarter-On-Quarter Growth Over Last Year’s Gross Merchandise Value

Government e-Marketplace, GeM has clocked a Gross Merchandise Value, GMV of 1,24,761 lakh crore rupees at the end of the first quarter of the current fiscal. Commerce and Industry Ministry said that this represents a quarter-on-quarter growth of 136 percent over last year’s GMV of 52 thousand 670 crore rupees. It said GeM has reformulated a previously fragmented system into a comprehensive one-stop-solution that is widely used by all



government buyers and serviced by a pan India network of sellers and service providers.

In this first quarter, services worth 80 thousand 500 crore rupees have been procured. Procurement by Central Government bodies has surpassed the one lakh crore rupee mark with Ministries of Coal, Defence and Petroleum and Natural Gas emerging as the top procurers in this quarter.