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.
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