GeM platform is empowering MSMEs, with 57% of order value coming from the MSME sector: PM Modi
Prime Minister Narendra Modi today lauded Government-e-Marketplace (GeM) for achieving annual procurement of Rs.1 lakh crore in Financial Year 2021-22, stating that the platform is empowering Micro, Small and Medium Enterprises (MSME) with 57 percent of order value coming from the sector.
Government-e-Marketplace (GeM) is the National Public Procurement Portal for procurement of goods and services for Central and State Government Organizations.
As per the data, the annual procurement was Rs.38580 crores in the FY 20-21, in FY 19-20 it was Rs.22991 crore, in FY 18-19 the procurement was Rs.17462 crore, FY 17-18 it was Rs.6188 crore and in the year 2016-17, the annual procurement was Rs.422 crore.
PM Modi tweeted, “Happy to know that GeM India has achieved order value of Rs.1 Lakh Crore in a single year! This is a significant increase from previous years. The GeM platform is especially empowering MSMEs, with 57% of order value coming from the MSME sector.”
Happy to know that @GeM_India has achieved order value of Rs 1 Lakh Crore in a single year! This is a significant increase from previous years. The GeM platform is especially empowering MSMEs, with 57% of order value coming from MSME sector. pic.twitter.com/ylzSezZsjG
— Narendra Modi (@narendramodi) March 24, 2022
Minister of Commerce & Industry, Consumer Affairs, Piyush Goyal said, “GeM has clocked order value of INR 1 Lakh crore in a single year in FY 2021-22. Congratulations to all stakeholders especially the sellers in the MSME sector, women entrepreneurs, startups, weavers, and artisans in continuing to contribute to the vision of an AtmaNirbhar Bharat.”
[With Inputs from IANS]
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