IREPS 2021: You have lost your job in the midst of the corona epidemic or you are planning to start a new business with small capital. By joining Indian Railways, you can start a profitable business in small capital. In fact, under the self-reliance India (aatma nirbhar bharat) campaign, Indian Railways has given a chance to Micro, Small and Medium Enterprises (MSMEs) to become their partners. Full form of IREPS is Indian Railways E-procurement System.
Railways buy products worth thousands of crores every year
Indian Railways buys products worth more than Rs 70,000 crore annually. These products contain almost all types of daily use products along with technical and engineering products. In such a situation, as a small businessman, you can increase your earnings by selling your product to the Railways. If you also want to do business with Railways, then you can register on https://ireps.gov.in and https://gem.gov.in.
How to start a business with Indian Railways
Railways buy any product from the company that is supplying the cheapest goods in the market. In such a situation, you have to find such a product which you can get easily and at affordable rates from any company or market.
Create your Digital Signature
With the help of a digital signature, you will be able to see the new tenders by visiting the website of Railways https://ireps.gov.in and https://gem.gov.in. Enter the tender on the basis of your cost and profit. Keep in mind that if your rates are competitive, then you will be able to get the tender easily. For the supply of service, railways ask for some technical qualifications.
Railways are promoting local products
Railways have encouraged a clear, transparent, fair procurement system to promote domestic manufacturers. Under the Make in India policy, only suppliers with more than 50 percent local products will be able to participate in the tender of their wagons, tracks, and LHB coaches. At the same time, 75 percent of the electric goods for the ‘Vande Bharat’ train set will be purchased under Make in India.
No need for new registration
If a supplier registers for the supply of a product in any one agency of the railway, then it will be considered as a registration for the supply of the product throughout the railway. New registration will not be required. By registering once, you can start a business with Railways.