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GeM Crosses _________ Rupees Gross Merchandise Value in FY 23-24.
A)
One Lakh Crores
B)
Two Lakh Crores
C)
Three Lakh Crores
D)
Four Lakh Crores

Correct Answer :   One Lakh Crores


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

Published On : August 24, 2023
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