India, April 16 -- The government is targeting public procurement worth Rs 50,000 crore through the commerce ministry's online marketplace--Government e-Marketplace (GeM)--during the current financial year (2019-20). In FY19, GeM touched Rs 17,325 crore mark in terms of value of transactions as compared to Rs 5,885 crore in the previous financial year and Rs 422 crore in 2016-17.

The commerce ministry has indicated that 2018-19 witnessed a four-fold increase in total value of transactions on the portal and a two-fold increase in the number of sellers on GeM. It also highlighted that over 8.8 lakh products were made available on its platform through a network of over two lakh sellers and service providers. It added that training of over 1.3...