Digital Payments

Indian Railways to introduce e-tendering under Digital India drive

In its efforts to promote digital payments, Indian railways will soon launch its redesigned e-tendering system with better user-friendly new features for over 60,000 vendors.

Promising a digitally driven era, the system is set to revamp the entire process and upgrade it electronically, reported The Deccan Chronicle.

“Online refund of tender cost and earnest money deposit, online bidder deregistration process, integration with payment gateways of more banks are currently underway in the railways to make the system efficient and transparent,” said a senior railway ministry official working under the e-system department.

The redesigned e-tendering system will have vendor interface module to enable vendors with online vendor registration and inspection call and contract amendment process.

Furthermore, the system would facilitate auto-alerts, processes relating to acceptance of supplied material and its payments and also include vendor grievance redressal process, the official said.

“Digitisation of railway supply chain is designed towards achieving objectives of transparency, global reach, efficiency, ease of doing business, removing entry barriers and enhanced competitiveness,” the official said.

While several vendor-related processes and documents are all set to be digitised, efforts are also initiated to enable vendors to submit online bills and ensure seamless payment.

The digitised supply chain will provide single window access for entire supply chain process, 24×7 global and easy reach in real time, savings of time, cost and efforts, online payments for tender cost and earnest money deposit.

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