Prime Minister Narendra Modi on Tuesday applauded the vendors for displaying their products on the Government e-Marketplace (GeM), an online platform for public procurement in India, after the platform crossed Rs 1 lakh crore Gross Merchandise Value.
Talking to ANI, GeM Chief Executive Officer PK Singh said, "We will exceed the target of Rs 1.5 lakh crore this financial year. GeM is also expected to surpass Amazon-Flipkart by the end of this financial year. 2021-22 annual GMV of GeM is around USD 14.2 bn. In 2021-22 Pvt e market player Flipkart has a GMV of USD 23 bn and Amazon has GMV of USD 17 bn."
\
\
\
\
