(a) whether there is any proposal to provide adequate financial support to enable the
Indian Telephone Industries Ltd. to produce equipment worth about Rs. 4000 crores during
the current year; and
(b) if so, the details thereof?
(a) whether there is any proposal to provide adequate financial support to enable the
Indian Telephone Industries Ltd. to produce equipment worth about Rs. 4000 crores during
the current year; and
(b) if so, the details thereof?
MINISTER OF THE STATE IN THE MINISTRY OF COMMUNICATIONS AND INFORMATION TECHNOLOGY
(DR. SHAKEEL AHMAD)
(a) & (b) As per the Memorandum of Understanding of the Company for the year
2007-08, the targeted production is Rs. 4,770 crore. Government is supporting ITI in
their endeavor to increase production. Financial support is also being provided to M/s
ITI Limited by way of 75% advance from BSNL/MTNL for the orders placed on ITI by BSNL/MTNL
which will enable ITI to achieve the turnover target for the current year.