Ministry of Defense Procurement | Image: Defense Minister Rajnath Singh
Ministry of Defense procurement: Orders from the Ministry of Defense (MoD)'s Government e-Marketplace (GeM) portal have crossed the remarkable milestone of Rs 100,000 crore. This achievement confirms the Ministry's commitment to optimizing public spending in the defense sector. Deals amounting to around Rs 45,800 crore were awarded in this fiscal year alone. GeM plays a pivotal role in facilitating the Ministry of Defense's various procurement needs, from common store items such as eggs to critical defense procurements such as missile systems, with over 547,000 orders placed. executed.
GeM CEO PK Singh underlined the importance of this milestone and underlined the ministry's dedication to embracing change and contributing to Prime Minister Narendra Modi's vision of a self-reliant India. The Ministry of Defense's proactive approach to implementing GeM has made it the first central government agency to achieve this remarkable feat.
In line with GeM's commitment to promote social inclusion, the Ministry of Defense awarded 50.7 per cent of the total orders amounting to Rs 60,593 crore to Micro, Small and Medium Enterprises (MSEs). This significant allocation to MSEs will help propel the Indian economy towards self-reliance and foster entrepreneurship in the defense sector.
Since its inception, the MoD has been an active participant in GeM, with close to 19,800 MoD buyers from different parts of the country including remote areas like the North-Eastern states, Leh-Ladakh and various island territories. doing. This widespread adoption of GeM played a pivotal role in achieving this important milestone.
Moreover, the involvement of defense PSUs in the GeM platform has not only streamlined the procurement process but also facilitated sales, creating a remarkable change in the defense sector's procurement landscape.
GeM continues to enhance cost-effectiveness and efficiency in government transactions through initiatives such as demand aggregation modules. GeM demonstrates a commitment to maximizing the benefits of bulk procurement for buyers such as the Department of Defense and revolutionizing government procurement practices by consolidating requirements for similar products across different organizations.
