The procurement of goods and services by central public sector enterprises (CPSEs) through Government e-Marketplace (GeM) grew 74 per cent to _______during the first four months of 2023-24.

Solution

The procurement of goods and services by central public sector enterprises (CPSEs) through Government e-Marketplace (GeM) grew 74 per cent to Rs 42,510 crore during the first four months of 2023-24.  Such procurement increased from Rs 7,027 crore in 2020-21 to Rs 45,928 crore in 2021-22. It further went up to about Rs 1.06 trillion during 2022-23.    National Thermal Power Corporation, Steel Authority of India, Indian Oil Corporation, Bharat Heavy Electricals, and Oil and Natural Gas Corporation are some of the CPSEs that are leading the procurement drive.