Modi lauds GeM for achieving Rs 1 lakh cr order value

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The GeM is the national public procurement portal for the procurement of goods and services for Central and State government organisations….reports Asian Lite News

Prime Minister Narendra Modi on Thursday appreciated the ‘Government e Marketplace’ (GeM) for achieving annual procurement of Rs one lakh crore in financial year 2021-22.

The Prime Minister also said that the GeM platform was especially empowering MSMEs, with 57 per cent of order value coming from the MSME sector.

The GeM is the national public procurement portal for the procurement of goods and services for Central and State government organisations.

In a tweet, he said, “Happy to know that @GeM_India has achieved order value of Rs 1 Lakh Crore in a single year! This is a significant increase from previous years. The GeM platform is especially empowering MSMEs, with 57% of order value coming from MSME sector.”

Minister of Commerce and Industry Piyush Goyal also tweeted, “Today, GeM has clocked order value of INR 1 Lakh crore in a single year in FY 2021-22. Congratulations to all stakeholders especially the sellers in MSME sector, women entrepreneurs, startups, weavers and artisans in continuing to contribute to the vision of an AtmaNirbharBharat.”

As per the data, the annual procurement was Rs 38580 crore in the FY 20-21, in FY 19-20 it was Rs 22991 crore, in FY 18-19 the procurement was Rs 17462 crore, FY 17-18 it was Rs 6188 crore and in the year 2016-17 the annual procurement was Rs 422 crore.

It is further empowering the “Aatmanirbhar Narishakti” with the launch of “Womaniya for Women entrepreneurs and Women-led Self-Help Groups (SHG)”, direct selling of handicrafts, handlooms, accessories, etc. directly to ministries and departments. It is also providing training for women entrepreneurs by various national and state women organisations.

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