GeM crosses 4 Lakh Crore in GMV at the end of this Fiscal Year, doubles business in a year https://www.taxtmi.com/news?id=27420 GeM functions as a digital public procurement platform that aggregates a broad base of buyers and sellers, expands market access for small and marginalized suppliers through targeted inclusion mechanisms and local access points, and increases procurement transparency and efficiency. Rapid growth has been driven by a surge in services procurement, extensive onboarding of sellers and last-mile buyers, active state and central buyer participation, and a concurrent technology modernisation effort to enhance configurability and ease of onboarding diverse procurement entities. en-us Fri, 29 Mar 2024 14:31:18 +0530 Fri, 29 Mar 2024 14:31:18 +0530 TaxTMI RSS Generator GeM crosses 4 Lakh Crore in GMV at the end of this Fiscal Year, doubles business in a year https://www.taxtmi.com/news?id=27420 GeM functions as a digital public procurement platform that aggregates a broad base of buyers and sellers, expands market access for small and marginalized suppliers through targeted inclusion mechanisms and local access points, and increases procurement transparency and efficiency. Rapid growth has been driven by a surge in services procurement, extensive onboarding of sellers and last-mile buyers, active state and central buyer participation, and a concurrent technology modernisation effort to enhance configurability and ease of onboarding diverse procurement entities. News - Fri, 29 Mar 2024 14:31:18 +0530 https://www.taxtmi.com/news?id=27420