drone expo 2026

Defence Procurements from MSMEs through GEM Portal Cross Rs 41,000 Crore

New Delhi: The Defence Ministry and Navy have till December 3, purchased products and services worth Rs Rs 41,936 crore from the government’s e-commerce portal GeM (Government e-Marketplace).

Commemorating Indian Navy Day, GeM tweeted that defence purchase stood at Rs 41,936 crore as of December 3, 2022.

ads

“It is an honour for GeM to be of service to the Indian Navy as they serve the nation. Keep procuring more from GeM,” said the tweet.

During the eight months of the current fiscal defence purchases from GeM had surpassed the FY22 procurement level.

According to GeM, the gross merchandise value of Rs 15,039 crore achieved in 12 months in the last fiscal has already been done in eight months of the current FY.

GeM currently has 55 lakh sellers and 64,538 buyers registered  over 1.2 crore orders with a transaction value of Rs 3.39 lakh crore which have been processed till date.

big bang

More like this

India Targets Civil Aircraft Production in Two Years

Visakhapatnam. Aviation Minister K Rammohan Naidu made the announcement on...

Space Station Race Faces Its Hardest Test

The global commercial space station market could grow from...

SE3 Raises $30 Million for Drone AI

The Series A round was led by Accel, with...

Zetwerk H1 FY27 Revenue Grows 33% to Rs 8,717 Crore; Adjusted EBITDA Grows 69% to Rs 274 Crore

Bengaluru: Zetwerk Manufacturing Businesses Ltd., a technology-led manufacturing company...

India’s Air Force Turns to AI as Defence Minister Urges Readiness

NEW DELHI. India’s Defence Minister Rajnath Singh has called...

Vertical Aerospace Wins AS9100 Certification

Vertical Aerospace said on November 12 that the British...
Indian Navy Special Edition 2025spot_img