+
GeM portal services procurement to reach Rs 1.5 trillion
ECONOMY & POLICY

GeM portal services procurement to reach Rs 1.5 trillion

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code