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Defence Ministry holds top position as procurer on GeM; contributes Rs 73,225.30 cr to Gross Merchandise Value

The Ministry of Defence has emerged as the leading Ministry amongst a total of 56 Ministries and Departments participating in the Government eMarketplace, holding the top position in both order value and order quantity. Since its inception, the Ministry has contributed significantly to the Gross Merchandise Value of GeM, which has reached an impressive 73,225.30 crore rupees as of the 12th of September.

The Defence Ministry said that in the current financial year, the procurement through GeM has already reached an impressive 18,790.60 crores. Under the aegis of the Department of Defence Production, the Defence Public Sector Undertakings had sold Goods and Services worth over two thousand  600 crores on GeM in 2022-23. The Ministry said that the significant milestone of procuring goods and services worth over 18 thousand crores underscores an outstanding average daily order value of 109 crore rupees in the current financial year.

The GeM was started in August 2016 to revamp the old tender process and bring greater probity and transparency in government procurement through digitisation. In the last seven years since its inception, the Defence Ministry has been committed towards the digital drive.