You are here: Home » PTI Stories » National » News
Business Standard

Cabinet clears extension of ITI quota for procurement by BSNL, MTNL, BBNL

Press Trust of India  |  New Delhi 

The Cabinet on Thursday approved continuation of quota for state-owned ITI Ltd in procurement made by three telecom firms -- BSNL, MTNL and

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

The (CCEA) Thursday approved the telecom department's proposal to continue the reservation quota policy for ITI Ltd by reserving 30 per cent of the procurement orders placed by BSNL (Bharat Sanchar Nigam Ltd), MTNL (Mahanagar Telephone Nigam Ltd) and (Ltd) for the products manufactured by the state owned

The procurement quota will also include 20 per cent of the orders for the turnkey projects (like network roll-out, of BSNL and MTNL and BharatNet project network roll-out of BBNL), the statement said.

"The aforesaid policy measures shall remain in force for a period of three years with effect from the date of approval of CCEA. The policy shall again be reviewed considering the financial health of ITI after the expiry of this period," the statement added.

The move may also help in generating more job opportunities in the company particularly in the field of new telecom technologies, it added.

In order to enable ITI to survive in the competitive environment of telecom manufacturing, BSNL and MTNL have been extending reservation quota of 30 per cent to ITI Ltd.

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

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

First Published: Thu, November 08 2018. 21:25 IST