Total transaction value crosses Rs 74,552 crore as of December 30

By Ashish Mitra --
Thursday, 31 Dec, 2020

The total transaction value on the government’s public procurement portal Government eMarketplace (GeM) has crossed Rs 74,552 crore as of December 30, 2020, the Commerce Ministry has said.

Sharing major highlights of the Department of Commerce in 2020, the Commerce ministry has said that the marketplace has 17.6 lakh listed products, 9 lakh sellers and service providers and 11,543 product categories that promote transparent public procurement while giving a fair opportunity and level playing field to vendors, the ministry said in a statement. Way back on August 9, 2016, the Central government had launched the GeM marketplace to enhance speed and bring about transparency in the government buying process to benefit small businesses.

A section of the press had in December 2020 reported that GeM saw the average daily order value increasing 282 per cent from Rs 34.12 crore in April 2020 to
Rs 130.53 crore in October 2020, as per the data tweeted by GeM on December 4. “GeM was started with an objective to transform the legacy procurement system in the country. A rapid growth in Avg Order Value per day in the current FY 2020-21 is showing the higher acceptability of the platform for procurement purpose,” GeM had tweeted.

The marketplace was able to add 40,212 new sellers on an average per month and 486 new product categories per month in 2020, according to data shared by the portal. In fact, it added over 1 lakh sellers in November itself, registered under Udham Aadhaar under the Ministry of MSME.

However, the order value of Covid-related products had fallen significantly in November after peaking in October since March 2020. The government’s purchase of such goods including medical and auxillary products through GeM stood at Rs 389.4 crore in November down 61 per cent from Rs 996.9 crore in October, a data sourced from GeM said.

The government had enabled the procurement of medical and auxillary goods via GeM to cater to the immediate need of ventilators, Covid kits and masks amid the initial shortage of such products and spiraling Covid cases post-February, 2020.

Total transaction value crosses Rs 74,552 crore as of December 30. The total transaction value on the government’s public procurement portal Government eMarketplace (GeM) has crossed Rs 74,552 crore as of December 30, 2020, the Commerce Ministry has said.

Sharing major highlights of the Department of Commerce in 2020, the Commerce ministry has said that the marketplace has 17.6 lakh listed products, 9 lakh sellers and service providers and 11,543 product categories  that promote transparent public procurement while giving a fair opportunity and level playing field to vendors, the ministry said in a statement. Way back on August 9, 2016, the Central government had launched the GeM marketplace to enhance speed and bring about transparency in the government buying process to benefit small businesses.

A section of the press had in December 2020 reported that <a href="https://www.financialexpress.com/industry/sme/msme-eodb-amid-covid-modi-govts-e-purchases-from-msmes-swelled-nearly-300-bought-for-this-much-amount-daily/2145592/">GeM saw the average daily order value increasing 282 per cent</a> from Rs 34.12 crore in April 2020 to 
Rs 130.53 crore in October 2020, as per the data tweeted by GeM on December 4. “GeM was started with an objective to transform the legacy procurement system in the country. A rapid growth in Avg Order Value per day in the current FY 2020-21 is showing the higher acceptability of the platform for procurement purpose,” GeM had tweeted.

The marketplace was able to add 40,212 new sellers on an average per month and 486 new product categories per month in 2020, according to data shared by the portal. In fact, it added over 1 lakh sellers in November itself, registered under Udham Aadhaar under the Ministry of MSME.

However, the order value of Covid-related products had fallen significantly in November after peaking in October since March 2020. The government’s purchase of such goods including medical and auxillary products through GeM stood at Rs 389.4 crore in November down 61 per cent from Rs 996.9 crore in October, a data sourced from GeM said.

The government had enabled the procurement of medical and auxillary goods via GeM to cater to the immediate need of ventilators, Covid kits and masks amid the initial shortage of such products and spiraling Covid cases post-February, 2020.