GeM facilitates Rs 2,200 cr asset disposal for govt entities in 4 years

New Delhi: Public procurement portal Government E-Marketplace (GeM) has enabled government departments and entities to raise Rs 2,200 crore over the last about four years through the disposal of assets such as scrap, e-waste, old vehicles, machinery, and leasehold properties, the government said Sunday.

“Between December 2021 and November 2025, GeM’s Forward Auction module facilitated auctions worth more than Rs 2,200 crore, conducted over 13,000 auctions, onboarded more than 23,000 registered bidders and enabled participation from over 17,000 auctioneers,” the commerce and industry ministry said in a statement.

A forward auction is a digital bidding process through which government departments sell assets such as scrap, e-waste, old vehicles, machinery and leasehold properties, including buildings and land, to the highest bidder.


These figures underscore that forward auctions are no longer a pilot initiative but have evolved into a nationwide digital mechanism for government asset disposal, it said.

Citing an example, GeM said the State Bank of India auctioned 100 Economic Weaker Sections flats in Lucknow and realised Rs 34.53 crore through the GeM platform.

The other auctions through this module include the sale of unusable and obsolete articles by National Zoological Park here, and screened gypsum worth Rs 3.35 crore by FCI Aravali Gypsum and Minerals India.