ITI's Procurement quota extension approved by CCEA
By MYBRANDBOOK
The Cabinet Committee on Economic Affairs (CCEA) has approved to continue with the quota for state-owned ITI Ltd in procurement made by three telecom firms -- BSNL (Bharat Sanchar Nigam Ltd), MTNL (Mahanagar Telephone Nigam Ltd) and BBNL (Bharat Broadband Network Ltd).
"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," an official statement said.
CCEA 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 for the products manufactured by the state owned telecom equipment maker.
The statement also said that the procurement quota will also include 20 per cent of the orders for the turnkey projects (like GSM network roll-out, Wi-Fi of BSNL and MTNL and BharatNet project network roll-out of BBNL).
"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 announcement may also help in generating more job opportunities in the company particularly in the field of new telecom technologies, it added. BSNL and MTNL have been extending reservation quota of 30 per cent to ITI Ltd. in order to help ITI survive in the competitive environment of telecom manufacturing.
The reservation benefit had expired on May 31, 2018.
Happiest Minds brings in an innovative GenAI chatbot
Happiest Minds Technologies has announced the new GenAI chatbot - ‘hAPPI...
Government mandates encryption for CCTV cameras to ensure netw
In the wake of issuing an internal advisory on securing CCTV cameras at g...
TRAI recommends allowing only Indian entities to participate i
The Telecom Regulatory Authority of India (TRAI) has recommended that onl...
Galaxy AI is available on more devices with Samsung One UI 6.1
Samsung has expanded the range of smartphones to which One UI 6.1 and Gala...
FRESHWORKS TECHNOLOGIES PVT. LTD.
CP PLUS INDIA PVT. LTD.
RAMCO SYSTEMS Ltd.
DRUVA SOFTWARE PVT. LTD.
Technology Icons Of India 2023: Ashwini Vaishnaw
Ashwini Vaishnaw is an Indian politician and former IAS officer and is...
Technology Icons Of India 2023: C P Gurnani
CP Gurnani (popularly known as ‘CP’ within his peer group), is the...
Technology Icons Of India 2023: Ajit Balakrishnan
The Company markets specific channels, community features, local langu...
C-DAC keeps India ahead in IT & Electronics R&D space
Centre for Development of Advanced Computing (C-DAC) is the premier R&...
BSE provides highly secure, efficient and transparent market for trading
BSE (formerly known as Bombay Stock Exchange Ltd.) is Asia's first & t...
STPI encouraging software exports from India
Software Technology Parks of India (STPI) is an S&T organization under...
INGRAM MICRO INDIA PVT. LTD.
Ingram Micro India, a large national distributor offers a comprehensiv...
TEXONIC INSTRUMENTS
Texonic has carved a niche for itself in the Technology Distribution i...
Crayon Software Experts India Pvt Ltd
Crayon helps its customers build the commercial and technical foundati...