The expected GMV will be up by 1.5 trillion from the last fiscal's 2 trillion. Currently, the state-run procurement portal is offering a diverse range of 11,880 products and 320 services to its over 70,000 government clientele.
The GeM has experienced substantial growth in procurement of goods and services, reaching a milestone of ₹2.5 trillion and four million orders in FY2023-24 until the end of December, said one of the people cited above, speaking anonymously.
The procurement of services on GeM has experienced significant growth over the past two-three years, rising from 8,500 crore in FY2020-21 to 166,000 crore in FY2022-23. Within the first nine months of the current fiscal, the GMV of services had already exceeded ₹1.17 trillion, said this person.
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