The Gross Merchandise Value (GMV) of orders at the Government e Marketplace (GeM) has clocked at Rs 1,24,761 Lakh crore at the end of first quarter (April-June).
In a robust start to the financial year 2024-25, GeM has recorded a GMV of Rs 91,749 crore in just the first two months, setting the stage for another year.
The surge in GMV can be attributed to the substantial increase in the procurement of services through the GeM portal, which witnessed a staggering 205 per cent growth compared to the previous fiscal year
According to a press release by the Ministry of Commerce and Industry, this milestone, also known as Gross Merchandise Value (GMV), underscores MoD's commitment to streamlining public spending in the Defence sector, setting a precedent as the first central government entity to achieve this f
With the fourth quarter of this financial year still awaiting its end, the integrated digital platform has recorded a Gross Merchandise Value of Rs 3 lakh crore, significantly surpassing the total merchandise value it recorded at the end of the previous fiscal year -- Rs 2 lakh crore.
This landmark is a testament to the platform's commitment to enhancing efficiency, affordability, and transparency in public procurement, in line with Prime Minister Narendra Modi's vision.
Bengaluru (Karnataka) [India], August 17: The Indian Garage Co, India's leading homegrown fast-fashion D2C brand well known for TIGC, one of the best selling men’s wear brands in the country has taken a crucial step towards becoming a ‘House of Brands’ entity with the launch of ‘FreeHand’, a
New Delhi [India], July 20: Fugazee, the leading men's streetwear brand in India, has forged a strategic partnership with renowned e-commerce platform Myntra. This groundbreaking collaboration is expected to propel Fugazee towards exponential growth and solidify its position as a premium fas
The company has achieved a new milestone in merchant payments with 79 Lakh devices deployed while the Gross Merchandise Value (GMV) for the quarter (for three months ended June 2023) stood at Rs 4.05 lakh crore, a growth of 37 per cent year-on-year (YoY).
India's leading payments and financial services company Paytm on Monday announced its business operating performance for the two months ended May 2023 and that its consumer engagement on the Paytm Super App continues to see robust expansion of its consumer base.
Commerce and Industry Minister highlighted the role of the Government e-Marketplace (GeM) portal as a digital tool in the public and national interest.