Govt targets Rs 50,000-crore of public procurement through GeM in FY20

In three years, government e-marketplace procurement stands at Rs 24,183 crore

Three years after its inauguration, the government e-marketplace (GeM) has seen the cumulative procurement by the central and state governments reach Rs 24,183 crore at the end of 2018-19.

All public sector agencies are mandated to directly purchase common-use goods and services through the online portal. Official estimates by the commerce department show a target of Rs 50,000 crore in 2019-20, ultimately hitting Rs 1 trillion worth of procurements by 2021. However, this will still be much lower than the total gamut of government procurement in the country, currently at Rs 5.5 trillion. 

In the last financial year, more than 1.7 million