Indian Economy News

UP government top buyer from GeM portal in FY23

According to data from the central government, among all the States and UTs, Uttar Pradesh has emerged as the top consumer of goods and services from the government e-marketplace portal (GeM). The statistics showed that during the previous fiscal year, the Uttar Pradesh government and its agencies made purchases from the GeM platform totalling US$ 1.47 billion (Rs. 12,152 crore).

It was followed by Gujarat US$ 968.5 million (Rs. 7,964 crore), Maharashtra US$ 502.3 million (Rs. 4,130 crore), Jammu and Kashmir US$ 243.1 million (Rs. 1,999 crore), and Madhya Pradesh US$ 241.2 million (Rs. 1,983 crore). This fiscal year, the total amount spent on buying products and services through GeM has surpassed US$ 24 billion (Rs. 2 lakh crore) due to a rise in purchasing activity by various ministries, departments, and states.

More than 63,000 government purchasing institutions have been able to access a variety of goods and services through GeM, and more than 6 crore sellers and service providers offer a wide range of products and services.

In 2022-23, the power ministry ranked first among the central government departments in terms of GeM purchases. The ministry spent US$ 3.71 billion (Rs. 30,572.9 crore) on goods and services. It was followed by the Ministry of Petroleum and Natural Gas, Steel Ministry, and Ministry of Health and Family Welfare.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.