Indian Railway Etender Business opportunities in 2022

1. www.tendertiger.com 9727773437 / 91-8140401117

2. Indian Railway Minister Ashwini Vaishnaw in his speech in Rail Bhavan, announced eAuction of NFR assets digitally. June 24, 2022 - Rail Bhavan, Delhi www.tendertiger.com 9727773437 / 91-8140401117

3. Indian Railway's current NFR income is 8% of it's overall income, and it seems very difficult to make it reach 20% which is the Global Standard. For the first time, Indian Railway has brought the commercial earnings and Non-Fare Revenue (NFR) by the use of electronic auction through, Indian Railway e-Procurement System (IREPS) with effect from June 24. NFR (Non-fare revenue) is the income from various sources, excluding passenger and freight receipts. These sources include: Parcel Van, Pay & Use Toilets, Advertisement rights on station circulating area and coaches, AC waiting rooms, Cloak rooms, Parking lots, Plastic Bottle crushers, ATMs, Station co- branding, Video screens for content on demand etc. www.tendertiger.com 9727773437 / 91-8140401117

4. This move will especially give a boost to small entrepreneurs and start-ups. No financial turnover requirement will be for annual contracts of up to 40 lakh. It will end the tedious process of tendering. which requires physical registration with the concerned field unit. This makes difficult for potential bidders from the rest of India to compete. It takes time in finalization due to requirement of physical meeting of tender committee members The auctioning of tendering railway services like like parcel van, advertisement rights on station circulating areas and coaches, the AC retiring room, cloakrooms, parking slots, etc. will become a lot smoother www.tendertiger.com 9727773437 / 91-8140401117

5. eAuction Process: Bidder located anywhere in India need to self register once for participating in auctions of any field unit of Indian Railways through the portal Remotely bid can be placed for management rights of an asset after depositing earnest money (EMD) electronically Successful bidder would be able to receive acceptance online and through e-mail in very short span of time There is no financial turnover requirement for annual contracts upto Rs. 40 lacs www.tendertiger.com 9727773437 / 91-8140401117

6. Failed at First Attempt: The decision to generate income from NFR sources was made in 2010-11, On 24 February 2010 the then Railway Minister Mamata Banerjee in her budget Speech promised to utilize untapped resources And increase revenue from ₹ 150 crore to ₹ 1,000 crores However, nine years later it made just ₹ 32.65 crore in April 2018. According to Minister of state for railways Rajesh Gohain, The earnings were primarily from commercial publicity at stations, coaches, wagons, loco, railway land, foot overbridge, road over bridge, road under bridge, etc. www.tendertiger.com 9727773437 / 91-8140401117

7. Present Success Stories during Pilot Run: Parking site – Anand Vihar Terminal, Contract Period – 3 year, Total Bids Received – 74,Offer Price per annum- 75 lakh. Total earning – Total 2.25 Cr. Offer received was 127.33% higher than the conventional bidding price www.tendertiger.com 9727773437 / 91-8140401117

8. Dont miss this golden Chance!! More than 10,000+ hashtag#railwaytenders availlable This year. click the link below?? https://lnkd.in/dvN5rXzn Sign up today on www.tendertiger.com and win the best tenders for your business stay updated about for upcoming tenders and get complete bid assistance to make sure you win the right tenders for your business www.tendertiger.com 9727773437 / 91-8140401117

9. THANK YOU www.tendertiger.com 9727773437 / 91-8140401117