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GeM portal touches annual procurement of Rs 1 lakh cr in 2021-22

Government e Marketplace (GeM) - a one-stop portal to facilitate online procurement of common use goods & services required by various Government bodies - has attained an annual procurement of Rs 1 lakh crore within FY 2021-22 - up by 160% compared to last FY.Read more

Procurement through GeM touches Rs 1 lakh cr in 2021-22

Procurement from micro & small enterprises (MSEs) via Government e Marketplace (GeM) was 57% of the total Gross Merchandise Value (GMV) currently with a growth of 143% compared to last FY.Read more

Iris Global supplies partner with Aadhar UID kits, Lava Mobiles

IT distribution company Iris Global Services has recently delivered its partner – Instant Procurement Services Pvt Ltd - with kits for Aadhar enrollment under the UID project & Lava Mobiles under the Tripura Government Family Health Welfare scheme.Read more

India records 54% jump in engineering goods exports in 9M 2021-22

Thanks to the Zero duty Export Promotion Capital Goods (EPCG) scheme, exports of India’s engineering goods jumped to $ 81.8 billion during April-December 2021 (Provisional) as compared to $ 52.9 billion during same period in the previous year (2020), registering a stupendous growth of 54%, said the Union Ministry of Commerce & Industry in a press release. Engineering goods sector constitutes the largest, more than 27%, share of India’s total exports basket during the period.Read more

Tata Motors to set up vehicle scrapping facility in Maharashtra

Tata Motors, India’s largest commercial vehicle manufacturer, signed a Memorandum of Understanding (MoU) with the Government of Maharashtra, through the Industries, Energy and Labour Department, Government of Maharashtra, with an intent to support setting up a Registered Vehicle Scrapping Facility (RVSF) in Maharashtra. Read more

MSME Ministry launches SCLCS scheme for services sector for tech upgradation

The Special Credit Linked Capital Subsidy (SCLCS) scheme will help in meeting the technology related requirements of enterprises in the services sector and has a provision of 25% capital subsidy for procurement of plant & machinery and service equipment.Read more

Seize the export opportunity

The Government of India has set an ambitious target of reaching $ 400 billion in exports for the current year. With India achieving nearly a third of its annual target in the first four months of 2021-22, $ 400 billion seems to be within the reach. Read more

Government’s CESL ink MoUs to expand EV charging infrastructure

Under these agreements, CESL and the private companies will jointly undertake the expansion and adoption of EV ecosystem.Read more

Government aims to stimulate demand for low-carbon industrial material

Alok Kumar, Secretary, Ministry of Power highlighted that India is committed to cut emissions intensity per unit of GDP by 33 to 35 per cent by 2030.Read more

GeM and Indian Railways integration to generate Rs 500 bn opportunity for MSMEs

According to Piyush Goyal, after the integration of Government e-Marketplace (GeM) portal with Railways, there will be Rs 500 billion worth of annual procurement from MSMEs.Read more

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