Ministry of Defence records Rs 1 lakh crore total order value on Government e-Marketplace till date
Transactions worth around ₹45,800 crore awarded by MoD via GeM in current
financial year
MoD awards 50.7% of the total orders to Micro and Small Enterprises
The Ministry
of Defence (MoD) has made an astounding accomplishment by surpassing the ₹1
Lakh Crore mark in terms of total order value transacted through the Government
e-Marketplace (GeM) portal, also known as Gross Merchandise Value (GMV).
Of this, transactions worth around ₹ 45,800 Crore have been awarded in the
current financial year. From procurement of general store items like eggs to
missile systems and critical defence acquisitions, GeM has helped MoD execute
more than 5.47 lakh orders.
“The Ministry is the first central government entity to
cross this staggering figure, exemplifying its resolute commitment towards
optimising public spending in the Defence sector. This milestone underscores
the effort and commitment of the Ministry of Defence to embrace the change and
set out as a key propeller of Prime Minister Shri Narendra Modi’s vision of a
self-reliant India,” said CEO, GeM, PK Singh.
In line with GeM’s core value of maximising social
inclusion, 50.7% of the total orders, amounting to ₹60,593 Crore, have been
awarded to Micro and Small Enterprises (MSEs) by MoD buyers, driving India’s
economy closer to self-reliance.
Since its inception, MoD has been an early adopter of
GeM. The immense trust placed in the portal by nearly 19,800 MoD buyers across
the country, including remote far flung areas like North-Eastern States,
Leh-Ladakh, & various Island Territories, have enabled it to bag this
remarkable achievement.
Furthermore, the engagement of Defence PSUs on the GeM
platform has not only facilitated procurement but has also facilitated sales, marking
a paradigm shift in the procurement landscape.
Through initiatives like demand aggregation modules, GeM
continues to deliver cost-effectiveness and efficiency in government
transactions. By pooling requirements for similar products across different
organisations, GeM is maximizing the benefits of large-volume procurement for
buyers like the Ministry of Defence, demonstrating its commitment to driving
transformative change in government procurement practices.