Three companies bid for manufacturing 44 Vande Bharat type trains | India News – Times of India
NEW DELHI: Only three companies – BHEL, Medha Servo Drives and CRRC-Pioneer Electric India – have submitted bids for the manufacturing of 44 rakes of Vande Bharat type trainsets. Sources mentioned railways will begin analysis of the technical bids for this practically Rs 1,800 crore contract.
Ministry sources mentioned that is an indigenous tender with stipulation of minimal native content material of 75%. They mentioned solely after scrutiny of these technical bids, it is going to be finalised who all might be allowed to place monetary bids or take part within the reverse public sale. While trade sources mentioned that for reverse public sale participation of greater than three bidders is required, ministry officers mentioned it’s as much as the committee which has been arrange for processing the bids to take the ultimate name.
In the reverse public sale mannequin, the certified bidders are allowed to cite their costs on-line and it’s stay. “The price discovery is better in the reverse auction model,” mentioned a senior official of an infrastructure ministry.
While BHEL is a authorities PSU and Medha is an India agency, the CRRC-Pioneer Electric India is a three way partnership between Beijing primarily based CRRC Yongji Electric Ltd and India’s Pioneer Fil-Med Ltd, which has its plant in Haryana. It had utilized for registration right here after it was made obligatory for companies with helpful possession in nations sharing land borders with India to get registered for taking part in public procurement contracts.
The destiny of the corporate’s bid might be identified after the analysis.
Meanwhile, sources within the railway ministry mentioned any firm whether or not stand alone or three way partnership, which isn’t eligible as per the effectively laid down norms of indigenous tenders might be mechanically eradicated. They added the bid analysis course of remains to be to be undertaken.
They mentioned the eligibility for a bidder from a rustic which shares a land border with India to take part within the tender shall be as per public procurement orders of the finance ministry and the tenderers must submit a required certificates, failing which the provide might be summarily rejected.
