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The combination is anticipated to push the procurement by way of GeM to a whopping Rs 1 lakh crore on this monetary 12 months, on a par with the Rs 1.11 lakh crore value of purchases made on the portal since its inception in August 2016.
“Increased procurement is contingent on railway integration by October or November. We’re August to roll out a pilot, after which we might go stay,” mentioned Prashant Kumar Singh, CEO, GeM. GeM’s gross merchandise worth (GMV) in 2020-21 was about Rs 39,000 crore.
Singh mentioned that with out integration with the Indian Railways E-procurement System (IREPS), GMV of round Rs 80 lakh crore is feasible on the portal. “Integration with the railways’ system is a fancy course of however we’re on monitor,” he mentioned.
The commerce and trade ministry launched the GeM on August 9, 2016 to create an open and clear procurement platform of generally used items and companies for all authorities departments, ministries and public sector corporations.
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