Business Opportunity: If you are also thinking of doing business then there is good news for you. You can start a profitable business by joining Indian Railways.
Trains stopped due to Kovid-19 (COVID-19) are now running on the track once again. Business opportunities have also increased after the start of train service. If you are also thinking of doing business then there is good news for you. You can start a profitable business by joining Indian Railways. You can earn by selling products to Railways.
Actually, Indian Railways buys products worth more than Rs 70,000 crore annually. You can earn by supplying products to the railways according to their needs. To do business with Railways, you have to first register. You can register by visiting https://ireps.gov.in and https://gem.gov.in website.
This is how you will get business opportunity
Under the Make in India policy, only suppliers with more than 50 percent local products will be able to participate in the tender of railway 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.
Railways buys any product from the company which 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. Enter the tender on the basis of your cost and profit. Your rates should be competitive only then it will be easy for you to get the tender.
will get this discount
Railways is promoting small industries. MSMEs get up to 15 percent priority in the purchase of up to 25 percent of the cost of any tender of the Railways. Apart from this, the conditions for depositing EMD and security deposit have also been relaxed for small industries.
No need for new registration
If a supplier registers for supply of a product in any one agency of the railway, then it will be considered as registration for supply of the product throughout the railway. New registration will not be required. By registering once, you can start business with the Railways.
read this also-
Buy Now Pay Later: New Poster Boy of Small Loan – “Buy Now Pay Later”, know its merits
Alert for SBI customers! To continue banking services without interruption, do this work before September 30