Public procurement via GeM expected to cross Rs 2 trillion-mark in FY23

The largest order worth Rs 20,400 crore placed on GeM until now is by NTPC for mine development and operations services

The Government e-Marketplace (GeM) portal is expected to almost double its gross merchandise value (GMV) to Rs 2 trillion in FY23, having already surpassed the Rs 1.5 trillion mark last week. In FY22, the GMV of GeM was Rs 1.06 trillion.

Cumulatively, GeM has surpassed GMV worth Rs 3 trillion since its inception in 2016 and the number of transactions on GeM has exceeded 13 million.

“About Rs 12,000 crore worth transactions are already in the pipeline and by the end of the financial year, GeM is expected to achieve its target of Rs 2 trillion,” Prashant Kumar Singh, director and chief