GeM reaches procurement of Rs 1 lakh cr in 2021-22

28 Mar 2022 CW Team

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

On Thursday, Prime Minister Narendra Modi told the media that the GeM platform is authorising the Ministry of Micro, Small and Medium Enterprises (MSMEs), with 57% of order value coming from small businesses.

Prashant Kumar Singh, CEO, GeM, told the media that the central public sector enterprises (CPSE) acquired goods and services worth about Rs 43,000 crore on GeM, showing an approximate increase of 508% as against last fiscal. He added that states continued to be vital stakeholders with approximately 30% contribution to total GMV.

He said that the Defence Ministry is of the highest procurers on GeM, while public sector undertakings (PSU) form about 25% of the total acquisition on the platform. Singh said that the integration of the marketplace and India Post is in advanced stages and is likely to achieve in the coming two months.

Regarding the progress on bringing works procurement under the ambit of GeM, Singh told the media that making the procurement of works through GeM compulsory is in the discussion, and the government will take a call on it. They stand ready to open it for work and all sectors and ministries.

Also read: PM Gati Shakti to rely heavily on public-private partnerships

Resources

20 May 2025

Blum India brings Design Reverie to Hyderabad

Blum India hosted the Hyderabad edition of its signature event, Design Reverie, at the historic Taj Falaknuma Palace, making it a memorable evening for the city鈥檚 architecture and interior design community. As per news reports, the event combined modern design sensibilities with the grandeur of a palace setting and the spiritual charm of Sufi qawwali.This marked the third edition of the event, after previous gatherings in Delhi and Bangalore. In Hyderabad, the focus was on fostering relaxed yet meaningful dialogue among design professionals鈥攁way from the typical conference setup. The eveni..

Resources

20 May 2025

Hafele launches Platinum Studio in Nagpur

Hafele has expanded its franchise footprint in central India by opening a new Studio Partner Platinum showroom in Nagpur in collaboration with Onkar Furnitech. The studio was inaugurated by Nitin Gadkari, Minister of Road Transport and Highways, along with Padma Gupta, Director 鈥� HR & Customer Experience, Hafele South Asia.Located at Sarthak Plaza, South Ambazari Road, Laxmi Nagar, the showroom offers an immersive experience of Hafele鈥檚 wide-ranging interior and home solutions. Designed as a hands-on, real-life application space, the studio showcases Hafele鈥檚 full portfolio鈥攊ncludi..

Resources

20 May 2025

Truflo by Hindware wins GPTW honour again

Truflo by Hindware has been certified a Great Place to Work for the fourth consecutive year, reaffirming its commitment to a people-first culture. The certification was awarded by the Great Place to Work Institute following a rigorous evaluation of employee experience, leadership, culture, and HR practices.Known as India鈥檚 fastest-growing plastic pipes and fittings company, Truflo has focused on fostering an inclusive, innovative, and growth-driven work environment. The company prioritises employee well-being and professional development, creating a culture where people feel valued and empow..