GeM: 205% jump recorded in service procurement by govt from MSMEs in FY24

Services purchased by various government departments and central public sector enterprises (CPSEs) from MSMEs via the public procurement platform Government eMarketplace (GeM) saw a significant jump of 205 per cent in the financial year 2023-24.

In a post on X (formerly Twitter), GeM said the gross merchandise value (GMV) of services on GeM reached an “unprecedented Rs 2.07 lakh crore contributing to nearly 50 per cent of the total GeM GMV.”