Indian Tender Insights and Growth in 2020

Just like the beginning of 2020, its end was quite topsy-turvy. The emergence of the COVID-19 pandemic disrupted everything. Whether it was the real estate industry or the construction business, everyone faced challenges. However, during the second half of 2020, stability began to return, notably impacting the tendering landscape in India.

COVID-19 Impact on Indian Tenders

The second half of 2020 saw a significant recovery in tender activities post-lockdown in India. The phased opening led to an increase in tender releases and consumer engagement. This period marked a substantial recovery from the pandemic's impact on tendering processes.

Indian Tender Trends 2020

Among Indian states, Maharashtra and Uttar Pradesh led the tender growth, contributing 14% and 12% of total tenders, respectively. This trend was expected due to the industrial activity in these regions. Surprisingly, West Bengal also showed robust performance with 8% of the tenders, followed by Karnataka and Rajasthan.

Tendering by Indian Authorities 2020

The Ministry of Railways emerged as the leading authority, covering 14% of tendering activities. This was followed by the Public Works Department, which managed 6% of the tenders. Other authorities like the Military Engineer Services and Ministry of Defense also played significant roles.

Value Analysis of Indian Tenders

In 2020, 33% of tenders had undisclosed values. Another 33% were valued up to INR 10 lacs, encompassing around 2,045,400 tenders. 27% ranged from 10 Lac to 1 Crore, while only 7% exceeded one crore, indicating a prevalence of moderately priced tenders.

SME User Growth on BidAssist

The number of SMEs using tender platforms surged in the latter half of 2020. By the end of the year, around 3.6 million SMEs were actively exploring tenders, marking a significant growth in user engagement.

Global Tender Release Statistics

The release of global tenders hit a milestone. Apart from India, the United States and Russia were top contributors, publishing 140,000 and 122,000 tenders, respectively. Other contributors included Bangladesh, France, and the Philippines.

Conclusion

The post-lockdown recovery in Indian tenders shows promise for continued growth in 2021. For detailed insights on tender trends and opportunities, visit our website.

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