“Provision of procurement quota from BSNL, MTNL and BBNL will provide a further boost to the order book of ITI and help in improving its financial health,” an official assertion mentioned.
The Cabinet Committee on Economic Affairs (CCEA) Thursday authorized 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 gear maker.
The procurement quota may also embody 20 per cent of the orders for the turnkey initiatives (like GSM community roll-out, Wi-Fi of BSNL and MTNL and BharatInternet venture community roll-out of BBNL), the assertion mentioned.
“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 notably within the discipline of new Telecom applied sciences, it added.
The validity of reservation profit prolonged to ITI had expired on May 31, 2018.
(With inputs from Companies.)