Government e-Marketplace, GeM has crossed one lakh crore rupees Gross Merchandise Value in the current financial year (FY 23-24).
* Commerce and Industry Ministry said, GeM has achieved this milestone in a record time within 145 days in the current fiscal year against 243 days in the last fiscal.
* GeM is an online platform for the procurement of goods and services by government departments, public sector units, and other agencies.
* Since its inception in 2016, GeM has continuously been working towards promoting the Make in India initiative.
* The Ministry said, Since inception, GeM has crossed 4.91 Lakh crore rupees in Gross Merchandise Value and has facilitated over 1.67 crore orders on the platform..
Source : AIR