New Delhi: Indian Railways has reduced vendor application fee taken for applying for approval of vendor with Research Designs & Standards Organisation (RDSO). It has been the continuous endeavour of Railway to associate more and more Industry partners with its supply chain and steps had been taken in this direction to enhance ease of doing business for the industry. These steps have not only made processes transparent, efficient and easy but also reduced the cost of doing business for the industry.
A unified Vendor Approval System for single-interface approval of vendors is also implemented which provides vendors with the complete single-window online process for vendor approval starting from submission of application stage to payments, communication and final approvals. It also provides vendors with free online access to all the related details, drawings and specifications and tracking of the vendor application status online. It reduces the number of touchpoints where a vendor interacts with the approving agency.
Railway has taken one more decision in this direction by reducing the vendor application fee that was being taken for applying for approval of the vendor with RDSO for identified safety items. The vendor application fee for RDSO approval was Rs 2.5 Lakhs for other than MSME and RS 1.5 lakhs for MSME. It has now been reduced from Rs 2.5 lakhs to Rs 15,000/- and Rs 1.5 lakhs to Rs 10,000/- Special provision of the lower fee is kept to encourage MSMEs.
This initiative shall further reduce the cost of business for industry and give impetus to ‘Make in India.’ It will also benefit Railway by attracting more vendors in its supply chain.
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