ECONOMY
GeM aids government to mop up Rs 2,200 crore via sale of public assets
- IBJ Bureau
- Dec 22, 2025
Government e-Marketplace (GeM) has facilitated disposal of government assets worth Rs 2,200 crore over the past four years. The public procurement platform enables asset disposal through its forward auction module, under which government departments sell scrap, e-waste, old vehicles, machinery and leasehold properties, including buildings and land, to the highest bidder.
The forward auction module conducted more than 13,000 auctions between December 2021 and November 2025, facilitating sales exceeding Rs 2,200 crore. The platform on-boarded over 23,000 registered bidders and enabled participation from more than 17,000 auctioneers, according to a statement from the Ministry of Commerce and Industry.
One such transaction was the auction of 100 economically-weaker section flats in Aliganj, Lucknow, conducted by State Bank of India, which realised Rs 34.53 crore through the GeM platform.
Recent auctions include sale of unusable and obsolete articles by the National Zoological Park in New Delhi, screened gypsum worth Rs 3.35 crore by FCI Aravali Gypsum and Minerals India, disposal of 261 condemned vehicles in Jammu division, auction of salvage items by the Border Roads Organisation, five-year lease of a dormitory in Gulmarg and auction of boating activity rights at a lake in Spurtar.
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