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News Entry# 288626
  
Dec 14 2016 (17:29)  Indian Railways to adopt e-tendering for Rs 1.22 lakh cr capex (www.financialexpress.com)
News Entry# 288626     
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Indian Railways will adopt a “completely transparent e-tendering process” to utilise its capital expenditure of Rs 1.22 lakh crore for 2016-17, Union Minister Suresh Prabhu has said.
He said the Railways is trying to ensure that end-users and vendors use e-wallets, in line with the government’s thrust on cash less transactions post demonetisation.
“Railways capex this year would be about Rs 1.22 lakh crore. All of that we have already decided that we will go in for a completely transparent e-tendering process. All contracts will be available on the e-tendering platform.
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are trying to make sure that end users will also use either the wallet or whatever the form of payment, but they will not use cash. Each vendor will use an e-wallet,” Prabhu said.
Addressing an awards ceremony organised by EEPC India here yesterday, he said the benefits accruing from demonetisation “will outweigh to a great extent the cost that we are going to suffer out of it”.
He advised exporters to get their complete value chain digitally connected to become more competitive in the global market.
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