50 per cent of Rs 1 lakh cr defence procurement from MSEs

Defence procurement

Rama Krishna Sangem

The Ministry of Defence (MoD) achieved a significant milestone by becoming the only ministry to cross the figure of Rs 1 lakh crore Gross Merchandise Value (GMV) of procurement through Government e-Marketplace (GeM) since its inception in 2016.

In the current fiscal year, MoD has placed orders worth Rs 46,000 cr approx. on GeM as of 13.2.2024. The order value of MoD in FY 2022-23 was worth Rs 28,732.90 cr, while it amounted to Rs 15,091.30 cr in the FY 2021-22. The significant increase of over sixty percent from the previous financial year is a testament to MoD’s continuous efforts, commitment to adoption of GeM platform to undertake its procurement activities.

More than 19,800 defence buyers from across the country have placed over 5.47 lakh orders on GeM. About 50% of these orders were awarded to Micro and Small Enterprises (MSEs), aligning with the core value of maximising social inclusion in public procurement market and bolstering India’s economic growth towards ‘Aatmanirbharta, according to a press release from the Press Information Bureau (PIB) ’.


GeM started by PM Modi in 2016

GeM is an online platform for public procurement in India envisaged by Prime Minister Narendra Modi. This initiative was launched on August 9, 2016 by Ministry of Commerce and Industry with the objective of creating an inclusive, efficient, and transparent platform for the buyers and sellers to carry out procurement activities in a fair and competitive manner.

This milestone is a reflection of collaborative efforts by MoD, Armed Forces, PSUs, Defence industry, and research institutions. It not only celebrates the success of GeM platform but also reaffirms the MoD’s dedication to bolstering national defence capabilities and securing a prosperous future for India.

Rama Krishna Sangem

Ramakrishna chief editor of excel India online magazine and website

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Chief Editor

Rama Krishna Sangem

Excel India national news magazine is a media startup founded and piloted by Rama Krishna Sangem, a Hyderabad based senior journalist with over three decade experience in the field of media, mostly in print journalism. His rich experience in reporting for both Telugu and English newspapers and heading a TV news channel and some online outfits will be of immense use to this venture. Excel India English news magazine seeks to fill the gap of analytical understanding to our readers who today are confronted with myriad media platforms. Our online version not only offers regular updates and commentary on happenings around us, but also gives larger stories not limited by space constraints of a print magazine. Excel India is ably run by a team of senior journalists committed to values and quality standards in the profession. We urge you all to support and guide us in this endeavour. Reach us at excelindiaweb123@gmail.com