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HomeNewsTelecom NewsDoT floats Cabinet note to revive ITI
Monday, 01 July 2013 13:06

DoT floats Cabinet note to revive ITI

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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.

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