The launch of INAM-Pro+, an upgraded version of INAM-Pro, has bought cement buyers and sellers together on one single platform. Designed by the Highways and Infrastructure Development Corporation Ltd (NHIDCL), INAM-Pro, which was launched two years back, has been used by more than 700 construction companies.
With 37 cement companies registered on it, the portal facilitated comparison of price, availability of materials etc., and made it very convenient for the prospective buyers to procure cement at reasonable rates in a transparent manner. This has reduced time and effort in preparation of proposals and bid submissions, further increasing efficiency in procurement of construction materials as one could place orders, obtain quotes and track them in swift manner on this portal.
The publicly visible prices have promoted transparency and enhanced ease of doing business. The companies registered on INAM-Pro have a committed supply of 27 million metric tonnes of cement at a price restricted by predefined ceiling values.
INAM-Pro has been successful in matching the demand with supply, cutting down delays by timely supply of material and providing for online payments, mitigating cost overruns due to price hedging through ceiling price mechanism, which allows maximum increment of 10 per cent year-on-year basis and promoting transparency in the market due to publicly visible prices.
Following the success with cement, the portal has recently been upgraded as INAM-Pro+ to include the A to Z of construction materials, equipment/machinery and services like purchase/hiring/lease of new/used products and services in the domains of construction materials like cement, steel, bitumen, stone aggregates, concrete, bricks, wood, sanitary items and paint etc; infrastructure machinery like HMP, paver finishers and backhoe loaders; intelligent transport system equipment like VMS, CCTV, ECB, boom barriers, etc.