Highly Profitable Domestic India Tenders

In terms of purchasing power India is the 5th largest across the world and also having the largest democracy and flourishing economy. Cultural diversity, natural resources, geographical location advantages, climate and mineral resources are among the best. Moreover now the government is also making the policies that are favorable for the growth of businesses and industries. Also these policies are now comparatively simpler, transparent and focus on the growth of domestic trade and private investments. All this has led to the more private business than ever.

Steel, textile, engineering and machine tools, electronics and public sector are the key industries in India that make the major chunk of Indian economy. Since independence iron and steel industry is seeing an impressive growth. There is a lot of requirement of heavy material and the procurement of this that is done through domestic as well as international tenders. It is just not the single industry but many others, like communication, transport, water facility and infrastructure that are associated with one main sector. Hence if one will grow then other will automatically grow leading to more business. But most of the domestic India tenders revolve around the big industries although role of many other sectors is also just impossible to roll out.

If your business is confined to the boundaries of a nation, then you can look for the appropriate domestic India tenders to further expand your business. Tenders are the most convenient and safe way to make a hold in your niche market. As the competition for all domestic India tenders is quiet tough so it is actually the cracking of tender that requires expert and experienced minds. You will have to be perfect in terms of matching the needs, quality and quantity.

After this, it is the search for the domestic India tenders that for some is still a big issue. Although there are numerous resources from where the latest and open tenders can be checked but few people have certain constraints of not knowing the new technology for this. Make sure that you know what is the latest in the market. For this, all the latest technology updates related to your business must be known by you. Like today most of the domestic India tenders are published in the websites so if you are not tech savvy then you are out of stream.

Once you have selected the tender, now is the time to read it carefully so that you grasp each and every thing required to write a winning tender proposal. It is equally important to know the history and status of the tendering company. Try to take the pre-tender briefs so that you can fill it accurately.

As the economic pace of India is picking up so does the number of domestic India tenders. GDP growth in 2010 is 7.20% in comparison to 5.40% the last year. Private as well government tenders are responsible for this growth. So be careful and wise while picking the domestic India tenders.

IndiaMart is the only source that provides free tenders from all over India. We have largest database of live and archives tenders for all category groups. Browse our website for finding latest domestic tenders from India.

E Procurement and Tenders Opportunities in Orissa

Orissa is both an agriculture and industrial state and both these sectors play an imperative role in the economy of the state. Along with traditional system of economy, modern infrastructural facilities and technology also has major role in enhancing the economy. Well connected roads and upgraded rail network with flourishing telecommunication and modern microwave systems are also integrated to boost the overall development of the state. Major developments in every sector are giving rise to more business that in turn requires transparency.  To achieve this, Government of Orissa took initiative in 2006 by developing and installing an online method of getting business and tendering, called e procurement.  With this the whole system of tendering became more apparent. E procurement website contains work of 6 Government departments and 7 other corporations containing the work of more than 20 lakhs tenders. Till March 2010 the number of total Orissa tenders published were 11,988.

If we look at the major economy driven sector in state, then it is still agriculture as 76% of the population in the state is engaged in farming or related industries. Orissa is the largest producer of rice. It produces 10th of the total country’s rice production. Besides this jute, oil seeds, coconut, maize, sesame are extensively grown in Orissa. But water shortage is the major setback to the agriculture sector.  Owing to this, Government is coming up with many new projects to overcome this problem. Water Resources department issues various tenders for new and ongoing projects. You can find all these latest tenders on the website of e procurement.

Fertilizer, which is linked to agriculture is the sector that is growing copiously. To support this growth there are four major fertilizer plants in Orissa. These are located at Rourkela in Sundergarh District, one near Kalunga, one at Talchar district Dhenkanal district and one at Baragarh. All these operate to produce different kinds of fertilizers.

In addition to agriculture and its allied industries Orissa is also a mineral rich state. Aluminum, iron, bauxite ore and steel are chiefly found here. Orissa is also rich in ferro-alloys.  Out of total bauxite ore availability in India, half is found in Orissa. Therefore Orissa tenders related to all these industries and their different segments cannot be ruled out. Every industry from medium, cottage to large scale comes out with its projects and get the job done through tenders.

This state also accounts for about 10% of the total steel production in India.  Recently many memorandums by the steel industry giants have been signed with the Government.  Arcellor-Mittal , world’s biggest steel producer has signed a memorandum with Government of setting up 12 MT integrated steel project at Patna with the total investment of Rs 40,000 crores. Then POSCO (Pohang Steel Company, the 5th largest steel producer across the world has also signed a MoU stating to set up 12 MT of steel plant at Paradeep. It will invest Rs 51,0000 crores in this project. Also many such developments have been undertaken through different projects by the Tata Steel, Vedanta Resources Plc, Essar Steel and Jindal Stainless Ltd in different parts of Orissa.

Within the sea of mineral industry, other sectors like biotechnology, forestry, handloom, paper and information technology are also booming. Big companies related to biotechnology are setting up their plants in the state owing to great biodiversity found here. The state is on the brink of coming out as a Biotech hub of the country with biotechnology parks. With developments at such a massive level every kind of Orissa tender will be invited for this project.

In addition to these major developing sectors and sources of Orissa tenders, there are other avenues like energy, textile, cement, ancillary, petrochemical, food processing and auto that are very profitable and part of state’s economy. Such as, about 8876 projects are going on in food and allied industries, 1771 projects are forest and wood based, 3217 are textile projects and 1599 rubber and plastic projects.

So it can be concluded that Orissa state is full of every kind of industry and growing profusely in each sector with new technology like e procurement, streamlined decisions and industry friendly policies.