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The Indian Railways has taken a big step to promote micro and small enterprises by reserving 358 items, exclusively for procurement from the MSE sector.Besides, in a relief to the MSEs, the sector has been exempted from paying tender cost and earnest money deposit for participating in the railway tender.
“Though earnest money is required to be deposited in all modes of tendering, we have decided to exempt the MSEs from depositing it with the tender document,” said a senior Railway Ministry official.
There are 9,973 MSE vendors registered on the Indian Railways procurement portal and ₹4,400 crore worth of materials are procured from the sector a year. The state-run transporter has firmed up an action plan to increase participation of the MSE sector in the public transporter’s procurement.
The Research Designs and Standards Organisation (RDSO), the research wing of the Railways, was advised to extend its support to MSE vendors on technical issues and SIDBI was advised to provide financial support to MSEs.
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