"Gem of a landmark!": Piyush Goyal lauds GeM crossing Gross Merchandise Value of Rs 2 lakh crore in 2023-24
Nov 13, 2023
New Delhi [India], November 13 : Minister of Commerce and Industry, Piyush Goyal, took to social media to announce a significant achievement by the Government e-Marketplace (GeM).
The Government e-Marketplace (GeM) has notched a significant milestone, achieving an impressive Gross Merchandise Value of Rs 2 lakh crore in just 8 months of the fiscal year 2023-24.
This landmark is a testament to the platform's commitment to enhancing efficiency, affordability, and transparency in public procurement, in line with Prime Minister Narendra Modi's vision.
Goyal posted on X, "Gem of a landmark! Government e-Marketplace achieves an impressive Rs2 Lakh Crore Gross Merchandise Value in just 8 months of FY 2023-24! @GeM_India is successfully advancing PM @NarendraModi ji's vision of promoting efficiency, affordability & transparency in public procurement".
GeM has remarkably reached a Gross Merchandise Value (GMV) of Rs 2 Lakh Crore within just 8 months of the fiscal year 2023-24.
Goyal applauded GeM's efforts in steering PM Modi's vision of enhancing efficiency, affordability, and transparency in public procurement.
This highlights GeM's instrumental role in revolutionizing the procurement landscape in India.
The e-marketplace's rapid growth signifies its success in driving digital transformation in the realm of public procurement, providing a platform that offers streamlined, cost-effective, and transparent processes for various entities.
Praising GeM's accomplishments, Goyal emphasized the platform's significant contribution in aligning with the PM's vision, facilitating a more accessible, efficient, and reliable procurement mechanism.
GeM's efforts aim to drive economic growth by empowering stakeholders and revolutionizing the public procurement ecosystem, fostering transparency and efficiency.
The monumental Rs 2 Lakh Crore GMV underscores the platform's pivotal role in advancing digital solutions for a more transparent and efficient public procurement ecosystem.
