Wednesday, Aug 05, 2020 | Last Update : 07:51 PM IST

133rd Day Of Lockdown

Maharashtra45795629935616142 Tamil Nadu2682852087844349 Andhra Pradesh176333956251604 Karnataka145830692722704 Delhi1391561252264033 Uttar Pradesh100310572711817 West Bengal80984568841785 Telangana6894649675563 Gujarat65704485612529 Bihar6203140760349 Assam4816233429115 Rajasthan4667932832732 Haryana3779631226448 Odisha3768124483258 Madhya Pradesh3508225414912 Kerala279561629988 Jammu and Kashmir2239614856417 Punjab1901512491462 Jharkhand140705199129 Chhatisgarh10109761369 Uttarakhand8008484795 Goa7075511460 Tripura5520367528 Puducherry4147253758 Manipur301818147 Himachal Pradesh2879171013 Nagaland24056594 Arunachal Pradesh179011053 Chandigarh120671520 Meghalaya9173305 Sikkim7832971 Mizoram5022820
  Business   In Other News  15 Apr 2019  Govt eyeing Rs 50,000-cr of public procurement through GeM in FY'20

Govt eyeing Rs 50,000-cr of public procurement through GeM in FY'20

PTI
Published : Apr 15, 2019, 1:33 pm IST
Updated : Apr 15, 2019, 1:33 pm IST

Public procurement of the Central and State governments runs into over Rs 2 lakh crore annually.

In 2018-19, Government e-Marketplace (GeM) touched Rs 17,325 crore mark in terms of value of transactions as compared to Rs 5,885 crore. (Representational Image)
 In 2018-19, Government e-Marketplace (GeM) touched Rs 17,325 crore mark in terms of value of transactions as compared to Rs 5,885 crore. (Representational Image)

New Delhi: Public procurement worth Rs 50,000 crore is expected to take place through the commerce ministry's online marketplace GeM during 2019-20, an official said.

In 2018-19, Government e-Marketplace (GeM) touched Rs 17,325 crore mark in terms of value of transactions as compared to Rs 5,885 crore in the previous financial year and Rs 422 crore in 2016-17.

 

"We are targeting Rs 50,000 crore worth of transactions to be carried out through this platform in 2019-20," the official said.

The ministry launched the GeM on August 9, 2016 with the objective of creating an open and transparent procurement platform for government departments, ministries and agencies.

Meanwhile, the commerce ministry, in a statement on Monday, said 2018-19 has witnessed a multifold increase in total value of transactions on the portal and doubling of number of sellers at the marketplace. It said over two lakh sellers are offering more than eight lakh products on this platform.

It added that training of over 1.3 lakh buyers and sellers has been conducted across 28 states and Union Territories to enable them operate the platform seamlessly.

 

"MoUs have been signed with 12 banks for payment integration to facilitate a cashless and paperless payment system on the platform," the ministry said.

Public procurement of the Central and State governments runs into over Rs 2 lakh crore annually.

Tags: government, e-marketplace, gem, public procurement, commerce ministry
Location: India, Delhi, New Delhi