The Ministry of Defence (MoD) has achieved a milestone by surpassing the Rs 1 lakh crore mark in total order value through the Government e-Marketplace (GeM) portal.
In the current financial year, transactions worth around Rs 45,800 Crore have been awarded, covering a wide range of items from general stores to critical defence acquisitions. GeM has facilitated over 5.47 lakh orders for MoD.
CEO of GeM, P. K. Singh praised MoD for being the first central government entity to achieve this milestone. He emphasized MoD’s dedication to embracing change and supporting Prime Minister Narendra Modi’s vision of a self-reliant India.
A significant portion of the orders, totaling Rs 60,593 Crore, has been awarded to Micro and Small Enterprises (MSEs), reflecting GeM’s focus on social inclusion and bolstering India’s economy towards self-reliance.
MoD’s early adoption of GeM, with nearly 19,800 buyers across the country, including remote areas like North-Eastern States, Leh-Ladakh, and various Island Territories, has contributed to this achievement.
Moreover, the engagement of Defence PSUs on the GeM platform has facilitated both procurement and sales, indicating a shift in the procurement landscape.