Home / Companies / News / GeM public procurement crosses Rs 1 trillion in just eight months

GeM public procurement crosses Rs 1 trillion in just eight months

Cumulatively, GeM has surpassed GMV worth Rs 3 trillion since inception and the number of transactions on GeM exceeded 12 million

E-commerce platform ONDC gets fund infusion of Rs 157.5-cr, more to follow

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Government e-Marketplace (GeM) is an online platform for government users launched in 2016, which leverages technology to enhance transparency, efficiency and speed in public procurement

Nikesh Singh New Delhi

3 min read Last Updated : Nov 30 2022 | 12:04 AM IST

The Government e-Marketplace (GeM) portal on Tuesday crossed Rs 1 trillion in gross merchandise value (GMV) this financial year, according to the official data.

Cumulatively, GeM has surpassed GMV worth Rs 3 trillion since inception and the number of transactions on GeM exceeded 12 million.

Prashant Kumar Singh, director and chief executive officer, said by the end of the financial year, GeM would be the largest e-marketplace in India, beating e-commerce giants Amazon and Flipkart.

“The target for FY23 for the GeM portal is to achieve Rs 1.5 trillion in GMV. But, citing the pace of growth, it seems that

Topics : GeM Government e-Market portal E-marketplace for government E-commerce firms Indian e-commerce industry E-commerce marketplace Amazon Flipkart E-marketplace public procurement policy

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