Indian Army Signs First Capital Procurement Contract on GeM
Why in the news
The Indian Army concluded its first capital procurement contract through the Government e-Marketplace (GeM) portal. It signed with JCB India Limited for 93 telescopic handlers, at a cost of Rs 25.90 crore.
Key facts
- Buyer: Indian Army.
- Supplier: JCB India Limited.
- Equipment: 93 telescopic handlers.
- Value: Rs 25.90 crore.
- Category: Buy (Indian).
- Significance: first capital procurement by the Army carried out on the GeM portal.
| Item | Detail |
|---|---|
| Platform | Government e-Marketplace (GeM) |
| Vendor | JCB India Limited |
| Quantity | 93 telescopic handlers |
| Cost | Rs 25.90 crore |
| Procurement category | Buy (Indian) |
About the purchase
A telescopic handler is a material-handling machine with an extendable boom used to lift and place loads. A capital procurement means buying durable assets, as opposed to routine revenue spending, and doing so on GeM brings the process onto the government’s online marketplace.
Exam angle
- Note the supplier (JCB India), quantity (93) and cost (Rs 25.90 crore).
- GeM stands for Government e-Marketplace.
- ‘Buy (Indian)’ is a category of defence procurement favouring Indian-made equipment.