Continuing with its endeavors to enhance transparency, Indian Railways has taken an important decision that the vendors supplying any item to it shall be considered approved vendors by all railway units if they are nominated by any of its vendor approving agencies. The decision will ensure ease of doing business and will also save time of the vendors in procuring approvals from multiple approving agencies.
It will also streamline the process of vendors participating in tenders of various railway units, besides increasing competition among them which will result in making the procurement and its process not only efficient but economical as well. The decision will also strengthen Make in India by promoting efficient utilisation of the manufacturing capacity of the industries in India.
Earlier the process was not at all smooth, since the vendors had to approach and apply at multiple windows to get their candidature considered for any supply works. Now the Railways will also have more options to choose from and that too in a transparent manner.