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| IamSMEofIndia Business Update |
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Defence Procurement Crosses The Ministry of Defence (MoD) has achieved a remarkable feat by exceeding the Rs 1 Lakh Crore milestone in total order value conducted through the Government e-Marketplace (GeM) portal, also known as Gross Merchandise Value (GMV). Aligned with GeM’s core value of maximising social inclusion, MoD buyers have awarded 50.7% of total orders, amounting to Rs 60,593 Crore, to Micro and Small Enterprises (MSEs), furthering India’s journey towards self-reliance. Transactions worth approximately Rs 45,800 Crore have been awarded in the current financial year. GeM has facilitated MoD in executing over 5.47 lakh orders, ranging from procurement of everyday items like eggs to critical defence acquisitions, including missile systems.
Through initiatives like demand aggregation modules, GeM continues to deliver cost-effectiveness and efficiency in government transactions. By consolidating requirements for similar products across different organisations, GeM maximises the benefits of large-volume procurement for buyers like the Ministry of Defence, demonstrating its commitment to driving transformative change in government procurement practices. Join the Movement. Feel the Pride!
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Integrated Association
of Micro Small
& Medium Enterprises of
India
(Not-for-Profit
Institution for
Growth
& Development of
MSMEs)
IamSMEofIndia,
Sector 11, Mathura
Road,
Faridabad-
121006, Haryana,
India
Ph: +91-9711101666
(EVP)
; +91-9711123111
(Executive
Secretary)
E-mail: info@iamsmeofindia.com ; Website: www.iamsmeofindia.com
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NO :
U73100HR2009NPL039044
IamSMEofIndia is
India's
first "GOLD
GRADE" National
Level Business
Member
Organisation Accredited by
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the National
Level as "The
Most Responsible
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Organisation"
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