New Delhi: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.
The Railways has made its procurement norms easier by allowing vendors who have been approved by one railway institution to be automatically eligible for supply of the same goods and services at other railway establishments.
It would do away with the need of approaching multiple vendor approving agencies by vendors for participating in railways tenders and also increase competition in public procurement making it more economical and efficient, it said.
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