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    Defence ministry’s procurement from GeM crosses Rs 1 lakh cr: govt

    Synopsis

    Of this, transactions worth around Rs 45,800 crore have been awarded in the current financial year. The defence ministry is the “first” central government entity to cross this figure, exemplifying its resolute commitment towards optimising public spending in the defence sector, as per GeM chief executive officer P K Singh.

    Defence ministry’s procurement from GeM crosses Rs 1 lakh cr: govtAgencies
    Procurement of goods and services by the defence ministry through the government e-Market (GeM) has crossed Rs one lakh crore, with about half of it coming in the current financial year, the commerce and industry ministry said Wednesday.

    “From procurement of general store items like eggs to missile systems and critical defence acquisitions, GeM has helped ministry of defence execute more than 5.47 lakh orders,” the ministry said in a statement.

    Of this, transactions worth around Rs 45,800 crore have been awarded in the current financial year.

    The defence ministry is the “first” central government entity to cross this figure, exemplifying its resolute commitment towards optimising public spending in the defence sector, as per GeM chief executive officer P K Singh.

    Around 50.7% of the total orders amounting to Rs 60,593 crore have been awarded to Micro and Small Enterprises by defence ministry entities including defence-related public sector enterprises.


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