Home » ITI to pump in `2,380 cr for biz revival

ITI to pump in `2,380 cr for biz revival

ITI to pump in `2,380 cr for biz revival

ITI is planning to invest over Rs 2,380 crore to re-start its manufacturing units and
diversify into other businesses. The proposal to clear these funds for ITI's revival is with the Board for Industrial and Financial Reconstruction (BIFR). It is waiting for comments from the Department of Telecommunication before tak­ing any decision on the fund.

ITI, with the government support, is looking for a revival to promote indigenous manufacturing of telecom equipment. ITI has five manufacturing units located at Bangalore (Karnataka), Mankapur, Naini and Rae Bareli (UP) and Palakkad in Kerala. As part of its entry into new segments, ITI has already started production of solar panels at its Naini plant in Allahabad and has plans to start production of Light Emitting Diodes (LED) .

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