The government emarketplace (a.k.a GeM) might touch $7.8 Bn (INR 50,000 Cr) worth transactions in 2018.
During the recent Vendors Meet in Ahmedabad, HR Sharma, additional CEO of GeM shared that between August 2016 to March 2017, GeM has clocked in transactions worth $93.6 Mn – $109.2 Mn (INR 600 Cr – INR 700 Cr).
As claimed in media reports, more than 300 vendors on GeM are from Gujarat.
Sharma further said that in the upcoming years, the government emarketplace tends to reach transactions worth $31.2 Bn (INR 2 Lakh Cr).
Since April 2017 the number of transactions has reached $636 Mn (INR 4,080 Cr), out of which January recorded a major boost of $156 Mn (INR 1000 Cr).
Government Emarketplace: Raking In A Slow But Steady Growth
In August 2016, the Indian government launched an emarketplace for online purchase of goods and services by Central and State Government ministries and departments.