MoneyWorks4Me

Defence procurement through GeM surpasses Rs 1.35 lakh crore: Goyal

11 Aug 2026 Evaluate

Commerce and Industry Minister Piyush Goyal has said that procurement orders placed by the Military Affairs Department through the Government e-Marketplace (GeM) have crossed Rs 1.35 lakh crore, with defence accounting for nearly 15 per cent of the platform’s total procurement.

The minister said the annual procurement of goods and services by central and state government departments and agencies through GeM has now surpassed Rs 5 lakh crore. He added that the platform is currently undergoing a revamp, with IT major TCS executing the project.

He also said over the past decade, goods and services worth more than Rs 20 lakh crore have been procured through GeM. He added that the platform has also generated estimated savings of Rs 86,571 crore over the last three years. 


About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: