Section

Central PSUs' buys from GeM rise by 36%, exceed target

By Economic Times - 6 months ago
India's Central Public Sector Enterprises (CPSEs) continued to bolster economic activity, exceeding the mandated procurement from Micro, Small, and Medium Enterprises (MSMEs) by 36.34% in the Financial Year 2024, surpassing the required 25%. In total, 54 CPSEs and five government departmental entities, including the Railways Board and the National Highways Authority of India, procured goods through Government e-marketplace (GeM), amounting to ₹2.62 lakh crore by March 31, 2024.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.