Cabinet approves Procurement Quota to M/s ITI Ltd in procurements made by BSNL, MTNL, BBNL

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New Delhi, Nov 8 (UNI) The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Thursday authorized continuation of Procurement Quota to M/s ITI Ltd in procurements made by BSNL, MTNL and BBNL.

Briefing media individuals in regards to the Cabinet choice, Union Minister of Electronics and IT and Law and Justice Ravi Shankar Prasad mentioned,” the CCEA in the present day authorized the proposal of Department of Telecommunications relating to continuation of Procurement Quota for M/s ITI Limited.

The proposal offers for persevering with the Reservation Quota coverage for M/s ITI Ltd by reserving 30 per cent of the procurement orders positioned by BSNL, MTNL and BBNL for M/s ITI Ltd for the merchandise manufactured by it and for these outsourced gadgets in which there’s a minimal 12 per cent worth addition by M/s ITI throughout 2018-19 and 16 per cent worth addition in 2019-20 and 20 per cent worth addition in 2020-21 and 20 per cent of the orders for the turnkey initiatives (like GSM community roll-out, Wi-Fi and many others of BSNL and MTNL and BharatNet mission community roll-out, and many others of BBNL).

ITI would settle for orders underneath reservation quota solely after the worth is understood and if the identical is commercially viable.

ITI will train its possibility underneath Reservation Quota inside 15 days of bid opening.

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