The Ministry of Coal (MoC) is dedicated to achieving its ambitious coal production goal of over 1 billion tonnes this year through a commitment to transparency, prompt decision-making, and efficient planning. As of September 14, 2023, procurement through the Government e-Marketplace (GeM) has been a remarkable success, totaling an impressive Rs. 23,798 crore (US$ 2.86 billion). This achievement has already exceeded the MoC’s annual target of Rs. 21,325 crore (US$ 2.56 billion) for FY24 within the first two months. The initial goal set for FY23 for the Ministry of Coal, including its Central Public Sector Enterprises (CPSEs), for procuring goods and services through GeM was Rs. 4,000 Crore (US$ 481.1 million). Remarkably, the actual achievement surpassed this target, reaching Rs. 4,278 crore (US$ 514.6 million), indicating a remarkable 107% success rate.
This outstanding performance is attributed to the close collaboration between the GeM team and Coal India Limited (CIL) procurement team, as they worked together to overcome technological challenges.
Coal India Limited and its subsidiaries have played a pivotal role in GeM procurement by contributing Rs. 23,363 crore (US$ 2.81 billion) as of September 14, 2023, surpassing their FY24 target by 17%. With this achievement, Coal India Limited has emerged as the leading CPSE in the country in GeM procurement.
The adoption of digitalization by GeM aims to modernize the existing tendering process, enhancing transparency and efficiency in public procurement. The Ministry of Coal (MoC), established seven years ago, has been unwavering in its commitment to this digital transformation initiative.
The significant procurement achievements of the Ministry of Coal underscore GeM’s effectiveness and efficiency in facilitating transparent and successful procurement processes. The widespread adoption of GeM by various CPSEs within the Ministry of Coal reflects its success in streamlining and enhancing the overall procurement ecosystem.
