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India


Defence Ministry's procurement on GeM crosses Rs 1 lakh cr

Defence Ministry's procurement on GeM crosses Rs 1 lakh cr

New Delhi Feb 15 (UNI) The Ministry of Defence (MoD) achieved a significant milestone by becoming the only ministry to cross the Rs 1 lakh crore Gross Merchandise Value (GMV) of procurement through Government e-Marketplace (GeM) since its inception in 2016.
According to the Ministry statement, in the current fiscal year, MoD has placed orders worth around Rs 46,000 crore on GeM as of 13.2.2024.
The order value of in FY 2022-23 was worth Rs 28,732.90 crore, while it amounted to Rs 15,091.30 crore in the FY 2021-22.

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