NEW DELHI: The Cabinet on Thursday approved continuation of quota for state-owned ITI Ltd in procurement made by three telecom firms — BSNL, MTNL and BBNL.
“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.
The Cabinet Committee on Economic Affairs (CCEA) on Thursday 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 by BSNL (Bharat Sanchar Nigam Ltd), MTNL (Mahanagar Telephone Nigam Ltd) and BBNL (Bharat Broadband Network Ltd) for the products manufactured by the state owned telecom equipment maker.
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 statement said. (AGENCIES)