Center’s E-Market Portal Catches Amazon, Flipkart: Economic Research

New Delhi:

The Financial Survey mentioned on Tuesday that the wholesome development within the provide of products and providers by central and state governments via the GeM portal has helped the platform meet up with world e-commerce giants like Amazon and Flipkart.

The State e-Market (GeM) portal was launched by the Ministry of Commerce on 9 August 2016 for on-line purchases of products and providers from all central authorities ministries and departments and different establishments, together with public sector models.

The acquisition of products and providers from the portal has exceeded Rs 1 lakh crore as of November 29 of this fiscal 12 months as a result of enhance in buying exercise.

“GeM has witnessed great development in gross business worth and is catching up with e-commerce giants like Amazon and Flipkart,” the survey mentioned. 160 p.c development during the last fiscal 12 months (fiscal 12 months)”.

GeM CEO PK Singh had beforehand said that in response to the development, the figures may attain Rs 1.80 lakh crore by the top of this fiscal 12 months.

The GeM platform has taken a sequence of steps to incorporate the merchandise of self-help teams, tribal communities, artisans, weavers and MSMEs.

“Fifty-seven p.c of whole enterprise at GeM got here from MSME models, and girls entrepreneurs contributed over 6 p.c,” she mentioned.

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