Procurement of services through GeM grows from nearly 8,500 crore in FY21 to nearly 1,82,000 crore in FY24 (up to 22nd February 2024); marks a 176% increase over last fiscal year https://www.taxtmi.com/news?id=27321 GeM's expanded digital procurement platform and dedicated service categories have caused services procurement to surpass goods procurement in value; adoption of e bidding, reverse auction and modular service offerings (including insurance, chemist empanelment, sanitation, consultancy and event management) has produced cost efficiencies and enabled large scale and programmatic procurements by central and state buyers and urban local bodies, thereby integrating services into mainstream public procurement and improving buyer capability and service delivery. en-us Fri, 23 Feb 2024 18:11:59 +0530 Fri, 23 Feb 2024 18:11:59 +0530 TaxTMI RSS Generator Procurement of services through GeM grows from nearly 8,500 crore in FY21 to nearly 1,82,000 crore in FY24 (up to 22nd February 2024); marks a 176% increase over last fiscal year https://www.taxtmi.com/news?id=27321 GeM's expanded digital procurement platform and dedicated service categories have caused services procurement to surpass goods procurement in value; adoption of e bidding, reverse auction and modular service offerings (including insurance, chemist empanelment, sanitation, consultancy and event management) has produced cost efficiencies and enabled large scale and programmatic procurements by central and state buyers and urban local bodies, thereby integrating services into mainstream public procurement and improving buyer capability and service delivery. News - Fri, 23 Feb 2024 18:11:59 +0530 https://www.taxtmi.com/news?id=27321