Indian Railways launches web portal for e-tendering Monday February 01,2016

Indian railways on Monday February 01,2016 launched a web portal for the e-tendering process intended to bring in transparency and efficiency.

The 'works module of Indian Railways e-procurement system' (IREPS) and implementation of 'e-tendering in works contracts' was launched by Railway Minister Suresh Prabhu in New Delhi

The minister said the process is an extremely important step towards IT (information technology) enablement of the Indian Railways.

The new portal will provide facilities like creation, publication and submission of tenders online.

Currently, the Indian Railways is dealing with approximately 25,000 tenders involving an expenditure of above Rs.35,000 crore for maintenance of existing assets and creation of new ones