Round The Blue - Recharge & Bill Payment

Indian Railways adopts single-window system for vendors' approval

Jun 22,2020
Outlook

The Indian Railways has adopted a single-window system for approval of vendors for procurements. As per the new policy a vendor, approved for an item by any of the vendor approving agency shall be considered an approved vendor by all railway units for that particular item. As part of the endeavour to enhance "transparency, efficiency" and ease of doing business, the railways had taken the step to ease the procurement system, the Indian Railways said in a statement. As per the extant norms, the railways procure items from vendors approved by its nominated vendor approving agencies. Previously vendor approved at one establishment was not automatically eligible to be considered for procurement at other establishments and they had to apply for approval at multiple establishments to get considered. The Ministry said, this decision will impact vendors favorably as it will save time and do away the need of approaching multiple vendor approving agencies. This will also promote better utilization of manufacturing capacity of Industry in the country.