Defence Ministry leads as top procurer on Government e-Marketplace (GeM)

In the current financial year, the procurement through GeM has already reached an impressive Rs. 18,790.60 Cr
Defence ministry
Defence ministry

New Delhi: The Ministry of Defence has emerged as the leading Ministry amongst a total of 56 Ministries/Departments participating on the government’s public procurement portal Government eMarketplace (GeM), holding the top position In both order value and order quantity. The Ministry has contributed significantly to the Gross Merchandise Value (GMV), which has reached an impressive Rs. 73,225.30 Cr as of September 12, 2023, since inception.

In the current financial year, the procurement through GeM has already reached an impressive Rs. 18,790.60 Cr as of September 12, 2023. The order value of the Ministry in fiscal year 2022-23 was Rs, 28,732.90 Cr, while it amounted to Rs 15,091.30 Cr in the fiscal year 2021-22. The Defence Public Sector Undertakings (DPSUs), under the aegis of Department of Defence Production have sold Goods and Services worth Rs. 2,642.66 Cr on GeM in FY 2022-23.

The significant milestone of procuring goods and services worth over Rs. 18,000 Cr, underscores an outstanding average daily order value of Rs 109 Cr in the current financial year. The remarkable achievement in the current fiscal is the result of active participation of more than 19,800 buyers across the country, collectively placing over 3 lakh orders.

The Ministry of Defence contribution to the overall GMV of GeM has consistently remained strong, standing at approximately 15% since its inception and increasing to 16% for the current financial year. Furthermore, since inception, out the 17,026,945 orders placed on GeM, the MoD has placed a significant role, accounting for nearly 28% of a total of 4,761,585 orders.

The GeM was started in August 2016 to revamp the old tender process and bring greater probity and transparency in government procurement through digitisation. In the last seven years since its inception, the MoD has been committed towards the digital drive.

(Defence Watch– India’s Defence News centre that places the spotlight on Defence Manufacturing, Defence Technology, Strategy and Military affairs is on Twitter. Follow us here and stay updated.)

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