GeM Surpasses Rs 5 Trillion GMV Ahead of FY 2024-25 Close

18 Mar 2025 CW Team

The Government e-Marketplace (GeM) has crossed Rs 5 trillion in Gross Merchandise Value (GMV), achieving this milestone over 18 days before the financial year 2024-25 ends. This marks GeM’s continued growth as a key public procurement platform, serving more than 160,000 government buyers. The jump from Rs 4 trillion to Rs 5 trillion took less than 50 days, following the previous milestone on January 23, 2025. Recent policy reforms have made GeM more accessible for sellers, particularly Micro and Small Enterprises (MSEs), startups, and women-led businesses. Measures such as reduced transaction charges, lower vendor assessment fees, and relaxed caution money requirements have encouraged wider participation. As of February 13, 2025, over 2.2 million sellers and service providers are registered on GeM, strengthening a diverse and competitive procurement landscape. The sixth anniversary of SWAYATT (Startups, Women, and Youth Advantage Through e-Transactions) further highlights GeM’s efforts to integrate priority seller groups into government procurement. Over 29,000 startups and 180,000 Udyam-verified women-led businesses have joined the platform, enhancing inclusivity and economic empowerment. Technology advancements have significantly improved procurement efficiency. In FY 2024-25, GeM executed one of India’s largest government cloud migrations, ensuring greater scalability, security, and reliability. AI-powered search capabilities through GeM AI have also enhanced decision-making, providing real-time procurement insights. With a strong focus on transparency and cost efficiency, GeM has facilitated public savings exceeding Rs 1.15 trillion. The platform's registered buyers include central and state ministries, public sector enterprises, panchayats, and cooperatives, driving the adoption of digital procurement nationwide. As GeM expands, it remains committed to innovation, inclusivity, and strengthening market linkages. By leveraging technology and transparency, it continues to play a crucial role in India's public procurement ecosystem and economic growth. (PIB)

Infrastructure Urban

17 Sep 2025

Amit Gupta Appointed CFO of Vedanta Jharsuguda Unit

Vedanta Aluminium has announced the appointment of Amit Gupta as Deputy Chief Financial Officer of its aluminium business and Chief Financial Officer of its Jharsuguda unit in Odisha.Gupta has been associated with the Vedanta Group since 2018, beginning as Group Head – FP&A at Vedanta Resources. With over two decades of cross-sector experience, he brings strong expertise in financial strategy, project finance, and business transformation.Prior to this role, he served as CFO of Bharat Aluminium Company (BALCO), where he led finance operations for more than four years. He has also held sen..

Adani Power To Build 2,400 MW Plant in Bihar

Adani Power on Saturday (September 13, 2025) announced plans to set up a 2,400 MW ultra super-critical power plant in Bihar at an investment of $3 billion (around Rs 26.48 billion).The company has signed a 25-year Power Supply Agreement (PSA) with Bihar State Power Generation Company Ltd (BSPGCL) to supply electricity from the project, which will be located at Pirpainti in Bhagalpur district.The PSA follows a Letter of Award issued by BSPGCL to Adani Power on behalf of North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL) in August. Adani P..

NTPC Plans Nuclear Power Projects Via JV and Standalone Routes

Power major NTPC is planning to develop nuclear power projects both through joint ventures and on a standalone basis, CMD Gurdeep Singh has said.The company is collaborating with nuclear technology providers and state governments to explore individual nuclear projects, Singh added.Currently, the NTPC Group has an installed capacity of 82,926 MW across 53 NTPC-owned stations and 53 joint venture or subsidiary stations, drawing power from coal, liquid fuel, hydro, and solar sources.In December 2024, Singh had announced NTPC’s ambitious plan to enter the nuclear energy sector, a move expected t..