Coal Ministry Leads GeM Procurement, Reaches Over Rs 23,798 Cr

The Ministry of Coal has emerged as the top procurer on the Government e-Marketplace (GeM), reinforcing its commitment to transparency, efficiency, and timely decision-making in coal production.

In the current fiscal year, GeM procurement has already reached Rs 23,798 crore as of 14 September exceeding the annual target for financial year (FY) 2023-24 of Rs 21,325 crore within the second quarter itself, read the Ministry of Coal press release.

In the FY 2022-2023, the Ministry of Coal, including its Central Public Sector Enterprises (CPSEs), had a target of Rs 4,000 crore for the procurement of goods and services through GeM.

Coal India and its subsidiaries have played a role in GeM procurement, contributing Rs 23,363 crore as of 14 September which exceeds its actual target for FY 2023-24 by 17 per cent.

The GeM, launched in August 2016, aimed to modernize the traditional tender process and enhance transparency and integrity in government procurement through digitalisation. (ANI)