Indian Railways has taken steps to bring Commercial Earning and Non-Fare Revenue contracts under the ambit of electronic auction through Indian Railway e-Procurement System IREPS, in line with prevailing e-auction of scrap sale. Railways Minister Ashwini Vaishnaw today launched e-auction for Commercial earning, Non-Fare Revenue NFR contracts in New Delhi today. This will not only increase Railways earning but also bolster efforts being taken by the Government for ease of doing business.
Speaking on the occasion, Mr Vaishnaw said, this policy is in line with the vision of the Prime Minister to change the experience of common man by the use of technology. He said, with this new policy, tedious process of tendering would get simplified. The Minister said, it will also give opportunities for youth to join the e-auction process. He said, this policy enhances ease of living, promotes transparency and adds to Digital India initiatives in Railways.
