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‘This is significant’: PM Narendra Modi lauds GeM achieving ₹1 lakh crore order value

By Priyanka Verma 
Updated Date

New Delhi: Prime Minister Narendra Modi on Thursday, March, 24, lauded Government-e-Marketplace (GeM) for achieving annual procurement of ₹1 lakh crore in Financial Year 2021-22, stating that the platform is empowering Micro, Small and Medium Enterprises (MSME) with 57 per cent of order value coming from the sector.

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“Happy to know that Government e Marketplace (GeM) has achieved order value of ₹1 lakh crore in a single year! This is a significant increase from previous years. The GeM platform is especially empowering MSMEs, with 57 per cent of order value coming from the MSME sector,” PM Modi said in a tweet.

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The GeM is the national public procurement portal for the procurement of goods and services for Central and State government organisations. As per the data, the annual procurement was ₹38580 crore in the FY 20-21, in FY 19-20 it was ₹22991 crore, in FY 18-19 the procurement was ₹17462 crore, FY 17-18 it was ₹6188 crore and in the year 2016-17 the annual procurement was ₹422 crore.

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