Prime Minister Narendra Modi on Thursday hailed the government procurement portal Government e-Marketplace achieving an order value of Rs 1 lakh crore in a single year and said the platform is especially empowering the MSMEs.
Government e-Marketplace (GeM) portal was launched in August 2016 for online purchases of goods and services by all central government ministries and departments.
“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,” Modi tweeted.
“The GeM platform is especially empowering MSMEs, with 57% of order value coming from MSME sector,” he said.
(With PTI inputs)
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
