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Cabinet extends ITI Ltd's quota for procurement by BSNL, MTNL

IANS  |  New Delhi 

The on Thursday extended the procurement quota of for procurements made by the public sector companies of BSNL, and Ltd (BBNL) for three years.

"BSNL, and BBNL would be requested to extend the benefit of procurement quota to ITI for a period of three years," the statement said.

According to the statement, the cabinet decided "to continue the Reservation Quota policy for by reserving 30 per cent of the procurement orders placed by BSNL, and BBNL for ITI for the products manufactured by it".

It also approved reservation for those outsourced items in which there is a minimum 12 per cent value addition by ITI during 2018-19 and 16 per cent value addition in 2019-20 and 20 per cent value addition in 2020-21, the statement said.

"Provision of procurement quota from BSNL, MTNL and BBNL will provide further boost to-the order book of ITI and help in improving its financial health," it said.

The cabinet also approved reservation of 20 per cent of the orders for the turnkey projects like network roll-out, WiFi and others of BSNL, MTNL and the BharatNet project of BBNL.

The validity of reservation benefit extended to ITI expired on May 31, 2018.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, November 08 2018. 22:16 IST
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