Ministry of Defence achieves milestone with Rs 1 lakh crore orders on Government e-Marketplace
New Delhi, Feb. 14 -- The Ministry of Defence (MoD) has crossed the milestone of Rs 1 lakh crore in total order value transacted through the Government e-Marketplace (GeM) portal since its inception.
According to a press release by the Ministry of Commerce and Industry, this milestone, also known as Gross Merchandise Value (GMV), underscores MoD's commitment to streamlining public spending in the Defence sector, setting a precedent as the first central government entity to achieve this feat.
The GeM portal has played a pivotal role in facilitating diverse procurement needs of MoD, ranging from general store items like eggs to critical defence acquisitions such as missile systems.
Transactions worth approximately Rs 45,800 Crore have be...
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