Breaking Records: Ministry of Defence Surpasses Rs 1 Lakh Crore in Total Order Value on Government e-Marketplace since Portal’s Inception

Empowering Defense Procurement through GeM

In a historic feat, the Ministry of Defence (MoD) has shattered records by surpassing the Rs 1 Lakh Crore mark in total order value transacted through the Government e-Marketplace (GeM) portal. This monumental achievement, also known as Gross Merchandise Value (GMV), underscores MoD’s unwavering commitment to optimizing public spending in the defense sector.

Driving Innovation: GeM’s Role in Modern Procurement

From procuring everyday essentials like eggs to acquiring cutting-edge missile systems and critical defense apparatus, GeM has emerged as the cornerstone of MoD’s procurement strategy. With over 5.47 lakh orders executed seamlessly, GeM has revolutionized defense procurement with unmatched efficiency and transparency.

Leadership in Action: MoD Sets the Bar

Shri P. K. Singh, CEO of GeM, rightly emphasizes MoD’s pioneering role in embracing change and leading Prime Minister Shri Narendra Modi’s vision of a self-reliant India. Crossing the Rs 1 Lakh Crore threshold not only highlights MoD’s fiscal prudence but also signifies a new era of accountability and efficacy in government procurement practices.

Empowering Local Businesses: A Focus on MSEs

A pivotal aspect of MoD’s procurement ethos lies in its steadfast support for Micro and Small Enterprises (MSEs). With a commendable 50.7% of total orders, amounting to Rs 60,593 Crore, awarded to MSEs, MoD is fostering economic resilience and social inclusion, empowering local businesses to thrive in a competitive marketplace.

Nationwide Trust: GeM’s Widespread Adoption

The success story of MoD on the GeM platform is a testament to the unwavering trust placed in it by nearly 19,800 MoD buyers spread across the country, including remote regions. This widespread adoption underscores GeM’s efficacy and reliability as the go-to platform for seamless procurement operations.

Transformative Partnerships: Defense PSUs and GeM

The active participation of Defense Public Sector Undertakings (PSUs) on the GeM platform has catalyzed procurement and sales, marking a paradigm shift in the procurement landscape. By leveraging demand aggregation modules, GeM delivers cost-effectiveness and efficiency in government transactions, maximizing benefits for esteemed buyers like MoD.

Charting the Future: GeM’s Commitment to Innovation

As GeM continues to evolve, it remains steadfast in its commitment to driving transformative change in government procurement practices. The journey from inception to crossing the Rs 1 Lakh Crore mark is not just a milestone but a testament to the power of collaboration, innovation, and unwavering dedication towards building a stronger, self-reliant India. With MoD leading the charge, the future of defense procurement in India shines brighter than ever before.

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