DoT floats Cabinet note to revive ITI

The Telecom Ministry has floated a Cabinet note for a revival package of Rs 4,156 crore for state-owned telecom equipment maker ITI Ltd.

The draft CCEA note was floated by the DoT last week for inter-ministerial consultation after the Board for Reconstruction of Public Sector Enterprises (BRPSE) accorded its views for revival of the PSU.

"The Department of Telecom (DoT) has floated a Cabinet note seeking comments from various ministries for ITI revival," an official said.

The Board of Industrial and Financial Reconstruction (BIFR) had earlier this month approved the revival plan; and after the approval of the Cabinet Committee on Economic Affairs (CCEA), the revival package could be implemented.

The disinvestment department has also given its consent to BIFR's proposal.

Source: http://cablequest.org/news/telecom-news/item/2701-dot-floats-cabinet-note-to-revive-iti.htmlSource: http://cablequest.org/news/telecom-news/item/2701-dot-floats-cabinet-note-to-revive-iti.html