New Delhi, Nov 8: The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Thursday approved continuation of Procurement Quota to M/s ITI Ltd in procurements made by BSNL, MTNL and BBNL.
Briefing media persons about the Cabinet decision, Union Minister of Electronics and IT and Law and Justice Ravi Shankar Prasad said,'' the CCEA today approved the proposal of Department of Telecommunications regarding continuation of Procurement Quota for M/s ITI Limited.
The proposal provides for continuing the Reservation Quota policy for M/s ITI Ltd by reserving 30 per cent of the procurement orders placed by BSNL, MTNL and BBNL for M/s ITI Ltd for the products manufactured by it and for those outsourced items in which there is a minimum 12 per cent value addition by M/s ITI during 2018-19 and 16 per cent value addition in 2019-20 and 20 per cent value addition in 2020-21 and 20 per cent of the orders for the turnkey projects (like GSM network roll-out, Wi-Fi etc of BSNL and MTNL and BharatNet project network roll-out, etc of BBNL).
ITI would accept orders under reservation quota only after the price is known and if the same is commercially viable.
ITI will exercise its option under Reservation Quota within 15 days of bid opening. (UNI)