Public procurement from GeM: The online procurement of goods and services from MSMEs and other sellers via the Government eMarketplace (GeM) by the Ministry of Coal has reached Rs 28,665 crore as of October 15 in the current financial year, up by 60X from Rs 477 in FY21, according to the data shared by the ministry in a statement on Thursday. The total procurement including GeM and non-GeM routes by the coal ministry stood at Rs 39,607 crore as of October 15 in FY24.
As per the release, the ministry and Coal India Limited (CIL) have witnessed an upward trend in the procurement of goods from the platform. The proportion of the total procurement has increased significantly from 0.49 per cent to 72 per cent during the period.
The procurement of services from GeM has surged from Rs 94.85 crore in FY21 to Rs 26,954 crore in the current FY. Similarly, procurement of goods also increased from Rs 382 crore in 2020 to Rs 2,643 crore in FY23.
Importantly, the defence ministry was the top buyer of MSME goods via GeM in FY23 which nearly doubled its online procurement from the previous fiscal, according to the GeM data. The ministry had made purchases worth Rs 28,732.9 crore in FY23, up by 90.4 per cent from Rs 15,090.8 crore worth of goods and services bought in FY22.
As of October 20, as per data from the GeM platform, goods and services worth Rs 1.84 lakh crore have been procured with an order volume of 28.61 lakh across 11,861 products and 311 service categories. The platform has over 1 lakh primary buyers, and over 1.95 lakh secondary buyers. MSEs currently constitute 48.78 per cent of the order value.