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ITI Limited to set up 200 acre electronic manufacturing cluster

The state-owned telecom equipment maker ITI Limited is setting up an electronic manufacturing cluster (EMC) under the Ministry of Electronics and IT (MeitY) modified scheme in Bengaluru and has sought approval from the administrative ministry for a long-term lease.

“We are setting up a unit spread at a 200-acre land in Bengaluru together wIth the MeitY under the EMC 2.0 and a lot of global manufacturers have already shown interest,” RM Agarwal, chairman ITI Limited told ETTelecom.

The state-run company has sought the Department of Telecommunications (DoT) approval for a long-term lease following the willingness by as many as 50 manufacturers or original equipment makers worldwide.

The initiative, according to the top executive would fetch as much as Rs 125 crore annually as an additional income to the public-sector firm.

“We are also in advanced talks with various multinational companies, and have plans to set up a 1,000-seat data centre within the cluster,” the top official added.

The modified scheme, for the first time has allowed public-run companies to set up manufacturing clusters under the scheme and avail prevalent benefits including financial assistance.

Last month, ITI has rolled out a notice inviting tenders, seeking applications from the eligible large-scale developers for the selection of an anchor to build the electronic cluster.

The company is aiming to achieve a 30% revenue growth over FY 2019’s Rs 2051 crore and has a strong order book.

“We have a confirmed order book of Rs 4,800 crore and Rs 7,000 crore worth of advance purchase orders that would be converted to it,” Agarwal said.

In addition, ITI has Rs 7,500 crore worth of projects in pipeline where it stood as the lowest bidder (L1 status).

The Bangaluru-based company is currently deploying the Indian Army’s strategic communication network across the country under the phase – IV program.

ITI is also deploying the GujaratNet and MahaNet, as a part of the national BharatNet program. The combined value of these two projects stands at Rs 3,700 crore.

—Telecom Techie

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