GeM portal services procurement to reach Rs 1.5 trillion

02 Nov 2023 CW Team

The procurement of services from the Government e-Market (GeM) portal is anticipated to reach Rs 1.5 trillion this fiscal year. This increase is attributed to higher purchases made by various ministries and departments within the government. The GeM portal, established on August 9, 2016, facilitates online acquisitions of goods and services for all central government ministries and departments.

According to GeM CEO P K Singh, the services procurement amount was merely Rs 30.69 billion in 2019-20, but it surged to Rs 659.57 billion in 2022-23. For the current fiscal year, it is anticipated to reach Rs 1.5 trillion. Singh mentioned that prominent buyers of services include Central Public Sector Enterprises (CPSEs) like Coal India, NTPC, and ONGC. Additionally, various states such as Gujarat, Uttar Pradesh, Delhi, Uttarakhand, Punjab, and Nagaland, along with central ministries like coal, power, defence, and finance, are active participants in service procurement.

The primary service categories in demand comprise manpower outsourcing, vehicle hiring, mine development and operations, handling, transport, and other mining services, insurance, IT, and medical services. Notably, subsidiaries of Coal India have placed 175 orders with a total value of Rs 245.58 billion for handling, transport, and other mining activities.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..