Incredible milestone: GeM’s record-breaking success: GeM Hits Record GMV of Rs 8.88 Lakh Cr!

1. Record-breaking Gross Merchandise Volume
2. GeM procurement transformation
3. Economic growth through GeM

GeM, under the leadership of PM Narendra Modi, has achieved a remarkable milestone by crossing the Rs 8.88 lakh cr mark in Gross Merchandise Volume. This accomplishment highlights GeM’s crucial role in revolutionizing procurement and driving economic growth. With a vision to transform the procurement landscape, GeM has played a pivotal role in enhancing efficiency and transparency. This milestone is a testament to the success of GeM’s mission and its impact on the Indian economy. The record-breaking achievement signifies the potential for further growth and development in the procurement sector, showcasing GeM as a key player in India’s economic landscape.

Incredible milestone!

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GeM achieves a record-breaking Gross Merchandise Volume crossing Rs 8.88 lakh cr mark.

Thanks to PM Shri @narendramodi ji’s vision for transforming procurement with GeM, driving economic growth, this achievement underscores GeM’s pivotal role in enhancing… pic.twitter.com/3qJmRavWUv

— Satya Kumar Yadav (@satyakumar_y) June 15, 2024

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The Government e-Marketplace (GeM) has reached an incredible milestone by achieving a record-breaking Gross Merchandise Volume of over Rs 8.88 lakh crore. This accomplishment highlights the significant impact of Prime Minister Narendra Modi’s vision for transforming procurement through GeM and driving economic growth in India.

GeM was launched with the aim of creating a transparent, efficient, and cost-effective platform for government procurement. By streamlining the procurement process and eliminating middlemen, GeM has revolutionized the way goods and services are purchased by government departments. This has not only led to cost savings but has also enhanced transparency and accountability in government transactions.

One of the key factors contributing to GeM’s success is its user-friendly interface and wide range of products and services available on the platform. Government buyers can easily browse through various categories and make purchases with just a few clicks. This ease of use has encouraged more government departments to utilize GeM for their procurement needs, resulting in a significant increase in transactions and Gross Merchandise Volume.

The record-breaking achievement of crossing the Rs 8.88 lakh crore mark is a testament to the pivotal role that GeM plays in enhancing government procurement in India. By providing a centralized platform for buying goods and services, GeM has not only simplified the procurement process but has also helped in promoting transparency and efficiency in government transactions.

Prime Minister Narendra Modi’s vision for transforming procurement with GeM has been instrumental in driving economic growth in the country. By promoting digital transactions and reducing paperwork, GeM has contributed to the government’s efforts to create a more business-friendly environment and attract investment in India.

As we look towards the future, GeM will continue to play a crucial role in reshaping government procurement and driving economic development in the country. With its innovative approach and commitment to transparency, GeM is poised to further revolutionize the way goods and services are procured by the government.

In conclusion, the incredible milestone achieved by GeM in crossing the Rs 8.88 lakh crore mark is a testament to its success in transforming government procurement in India. Thanks to Prime Minister Narendra Modi’s vision and commitment to driving economic growth, GeM has emerged as a key player in enhancing transparency, efficiency, and accountability in government transactions. This milestone underscores the pivotal role that GeM plays in reshaping procurement practices and driving economic development in the country.