Indian Railways implements e-procurement system

Indian Railways has implemented e-procurement system for all zonal railways and production units.

With this the railways have uploaded 2.5 lakh e-tenders on the central web site www.ireps.gov.in till date, and more than 15,000 vendors have been registered with the site.

Electronic procurement has enabled vendors and the participating industry with free access to railway’s procurement tenders and has enhanced transparency and competitiveness in the tendering process.

Railways has issued computerized railway receipts for more than 99.9 percent of its freight loading which has helped in collection of approximately 69.9 percent of freight payment through e-payment contributing around Rs 4,000 crore per month from the participating major customers, thereby cutting down wasteful manual processes both for railway and there major freight customers.