Srikumar was addressing a workshop on leveraging information technology organised today for Railway Public Sector Undertakings (PSUs) by Ircon International Limited.
He said e-Procurement is the proven tool for enhancing transparency as well as for saving cost of procurement.
The Commissioner said that vigilance is a management function and all Chairman and Managing Directors (CMDs) should view it as a part of good governance, a press release issued by IRCON quoted Srikumar as saying.
He said that introduction of several IT tools in Railways has helped in reduction of graft complaints by up to 20 per cent.