GeM witnesses remarkable uptick in procurement; Gross Merchandise Value hits Rs 4 trillion in FY24

Mar 30, 2024, at 02:38 am

New Delhi: The Government e-Marketplace (GeM) has registered a notable surge in the total value of orders placed for goods and services by government entities, public sector units, and ministries.

Piyush Goyal lauds GeM crossing Gross Merchandise Value of Rs. 2 lakh crore in 2022–23

Apr 01, 2023, at 10:15 pm

New Delhi: In the financial year 2022-2023, procurement of goods and services from government portal Government e Marketplace  (GeM) has crossed the Rs 2 lakh crore mark, which is a remarkable achievement, said Union Commerce and Industry Minister Piyush Goyal, in Mumbai on Saturday.

Govt sets 75 pc target by 15th Aug and 100 pc by the end of financial year for procurement through GeM

Jul 25, 2022, at 02:47 am

New Delhi: Prime Minister Narendra Modi has set a target of 75 percent procurement to be made through GeM by August 15 and 100 percent procurement to be made through GeM by the end of the current financial year, Commerce and Industry Minister Piyush Goyal has said.

Kotak launches real-time working capital finance for MSMEs

Jul 01, 2022, at 05:10 am

Kolkata: As part of its digital-first strategy, Kotak Mahindra Bank Thursday announced the launch of a real-time loans offering for its clients classified as micro, small and medium enterprises (MSMEs) that are registered on the Government’s e-Marketplace (GeM) Sahay - a platform that connects sellers with lenders.

GeM signs MoU with Federal Bank

Oct 24, 2019, at 05:36 pm

Mumbai/IBNS: Government e-Marketplace (GeM) signed Memorandum of Understanding with Federal Bank, a leading private sector bank in the country.