Ministry of Defence Achieves ₹1 Lakh Crore Total Order Value Milestone on Government e-Marketplace

The Ministry of Defence (MoD) has achieved a significant milestone on the Government e-Marketplace (GeM) portal, recording procurement worth ₹1 lakh crore since the portal’s inception in 2016. This achievement underscores MoD’s commitment to optimizing public spending in the defense sector through efficient procurement practices on GeM.

Procurement Milestones

The MoD has executed over 5.47 lakh orders through GeM, ranging from general store items to critical defense acquisitions.
Transactions worth approximately ₹45,800 crore have been awarded in the current fiscal year alone, demonstrating robust procurement activity.

Empowering Micro and Small Enterprises (MSEs)

Around 50.7% of total orders, totaling ₹60,593 crore, have been awarded to Micro and Small Enterprises (MSEs), including defense-related public sector enterprises.
This highlights MoD’s commitment to fostering the growth of MSEs and promoting inclusivity in defense procurement.

GeM’s Growth Trajectory

Since its launch, GeM has witnessed accelerated procurement activity, indicating its effectiveness in streamlining government purchases.
Procurement through GeM is projected to surpass ₹4 lakh crore by the end of the current fiscal year, with transactions already exceeding ₹3 lakh crore.

Platform Overview

GeM boasts over 63,000 government buyer organizations and more than 62 lakh sellers and service providers, offering a diverse range of products and services.
The portal facilitates transactions for various government entities, including ministries, public sector units, state governments, and central armed police forces.

Product and Service Categories

GeM offers a comprehensive array of products, ranging from office stationery to vehicles, catering to diverse procurement needs.
Major product categories include automobiles, computers, office furniture, while services such as transportation, logistics, waste management, and webcasting are also available on the portal.

Global Standing

Currently ranked third globally, GeM trails behind South Korea’s KONEPS and Singapore’s GeBIZ, positioning it as a significant player in the international procurement landscape.