New Delhi, Feb. 14 -- 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 GeMs core value of maximising social inclusion, MoD buyers have awarded 50.7 per cent of total orders, amounting to Rs 60,593 Crore, to Micro and Small Enterprises (MSEs), furthering Indias 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 miss...