UP seeks to double govt e-marketplace procurement to Rs 5,000 cr in FY20

The state, which is among the top buyers on the e-marketplace, signs MoU with SBI to set up payment gateway and GeM manage pool account

Uttar Pradesh government is targetting gross merchandise value (GMV) of almost Rs 5,000 crore on GeM (Government e-Marketplace) platform during the current fiscal.

This would be a growth of nearly 100 per cent over the GMV clocked by UP last year, of nearly Rs 2,500 crore.

A central government initiative, GeM is an end-to-end e-market, where common user goods and services can be procured by various government organisations, including ministries, departments, public sector undertakings (PSU) and autonomous bodies.

“There is lot of potential for GeM in UP and we are confident the state would hit GMV of almost Rs 5,000