Tradeindia Tenders launched to give SMEs a leg up

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Bikky Khosla | 13 Aug, 2013
Ever considered bidding for an invitation to a tender? At first sight, if you are a small business you may fear that your chance of winning a contract is very slim. Where to find information about the advertised contracts -- the question also strikes? But in reality the odds could be much better than you think. Every year, many small businesses cash in on this opportunity, and even if you might not win a select few highest value contracts, you can still play a part. There is hardly any dearth of opportunities for small businesses as for large players, and now you can have information about them -- all in one place -- with our newly launched online platform Tradeindia Tenders.

Obtaining business through the contract bidding process can be a lucrative means for small and medium scale enterprises to earn profit and grow their business, and keeping this in mind we have developed this new section on tradeindia.com where you will easily find information about various contracts -- collected from different and scattered sources -- that are floated by both the public and private sectors -- various government departments, large private companies, NGOs, public sector undertakings and government-funded infrastructure projects and others from across the country. The database will be kept up to date on daily basis.

Like any other solution offered by us, Tradeindia Tenders is very comprehensive comprising a huge and reliable database, and at the same time the platform synonyms for easy to use. Tenders are organized both according to industry category and their states/territories of origin, making the search easy like never before. In addition, you can also set up email and SMS alerts for the sort of business you are seeking, and accordingly contracts suitable for you will be flagged.

How is this new platform going to be different? There are many regional and national newspapers where contract opportunities are routinely advertised. In addition, there are also a few websites which are already doing this. So why do we need one more? The answer is simple: first, our overriding aim is to encourage more and more small businesses, which are still not taking advantage of public and private sector tenders, to do so. Second, we want to make it easier for SMEs to search and bid for contracts. You will find all the opportunities on a platter -- no need to look for them here and there, and everywhere.

There is another reason behind launching the new platform. Under the public procurement policy for Micro, Small and Medium Enterprises, which has been being implemented since April 2012, the government has set a target of awarding 20 percent of public sector contracts to the MSE sector, and this means there will be lot more opportunities for small businesses in the coming days. At present, the sector's share of estimated annual public procurements, worth over Rs 1,70,000 crore, is now a mere 5 percent, or Rs 8,500 crore, and it is expected that the procurement policy would push the share to a whopping 34,000 crore. Why should you miss this potential opportunity?

I invite you all to try Tradeindia Tenders.