ITI Limited has signed a Memorandum of Understanding (MoU) with the Telecom Commission for 2011-12, according to news reports.
According to a release issued by the company, the thrust areas of the MoU include ITI improving its bottomlines during 2011-12 and implementation of new projects. The company hopes that mobile technologies, broadband products and smart cards for the national population registration project will be the key growth drivers.
Also, ITI would have to adhere to the implementation schedules of all the orders bagged by it and reduce the liquidated damages, the release added.
The other thrust areas, it said, were quality, technology upgradation, reduction of non-performing assets, skill upgradation and realisation of sundry debtors.
The MoU was signed by R. Chandrasekhar, secretary, Department of Telecommunications and K.L. Dhingra, chairman and managing director, ITI Limited.
