The Cabinet Committee on Economic Affairs (CCEA) Thursday authorised the Telecom division’s proposal to proceed the reservation quota coverage for ITI Ltd by reserving 30 per cent of the procurement orders positioned by BSNL (Bharat Sanchar Nigam Ltd), MTNL (Mahanagar Telephone Nigam Ltd) and BBNL (Bharat Broadband Network Ltd) for the merchandise manufactured by the state owned Telecom tools maker.
The procurement quota will even embrace 20 per cent of the orders for the turnkey tasks (like GSM community roll-out, Wi-Fi of BSNL and MTNL and BharatWeb challenge community roll-out of BBNL), the assertion stated.
“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 assertion added.
The transfer might also assist in producing extra job alternatives within the firm significantly within the area of new Telecom applied sciences, it added.
The validity of reservation profit prolonged to ITI had expired on May 31, 2018.