Medilytix Bureau:

Government e-Marketplace (GeM), an online platform for public procurement in India launched in 2016 has enabled the procurement of ₹1 lakh crore within 2021-22, 160% higher compared to last fiscal.

Prime Minister Narendra Modi on Thursday took to Twitter and said that the GeM platform is empowering MSMEs, with 57% of order value coming from small businesses.

Speaking to reporters here, Prashant Kumar Singh, CEO, GeM said that central public sector enterprises (CPSE) procured goods and services worth around ₹43,000 crore on GeM, showing an approximate growth of 508% as compared to last fiscal. He added that states continued to be important stakeholders with around 30% contribution to total GMV.

He said that Defence Ministry is of the highest procurers on GeM, while public sector undertakings (PSU) form nearly 25% of the total procurement on the platform.

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