The Government e-Marketplace (GeM) Forward Auction module facilitated auctions worth more than Rs 2,200 crore, conducted over 13,000 auctions, onboarded more than 23,000 registered bidders and enabled participation from over 17,000 auctioneers between December 2021 and November 2025.
Reiterating the $1 trillion merchandise and $1 trillion services export target for 2030, Union Commerce Minister Piyush Goyal said on Wednesday that the target can be achieved with the new ‘Trade Connect e-Platform.’
The minister expressed the hope that overall procurement of goods and services from the government portal GeM would cross Rs 3 lakh crore in FY 2022-23 as it has already crossed Rs 2 lakh crore in 2022-23.
The Union Cabinet on Wednesday approved the setting up a state-run e-Marketplace Special Purpose Vehicle (SPV) as the National Public…
