ITI may enter renewable energy business

Telecom Lead India: The State-run ITI Ltd is planning to
enter diversified businesses such as renewable energy.

R Chandrasekhar, secretary, DoT and chairman, Telecom
Commission and KL Dhingra, CMD, ITI signed a MoU for the year 2012-13.

The thrust areas of MoU include pursuing growth
opportunities in telecom sector and exploiting diversified businesses such as
renewable energy. The MoU envisages that ITI concentrate on revival plans with
due approval of the Government agencies.

The company has committed to follow DPE guidelines for the
corporate governance, corporate social responsibility, research &
development and human resources management. The company will also address other
critical issues such as upgradation of plant infrastructure and reduction of
surplus manpower through VRS.

Recently, Milind Deora, the Union Minister of State for
Communication and Information Technology, inaugurated a gas plant set up by ITI
at its premises in Bangalore. The plant converts bio degradable waste such as
kitchen waste, food waste, dry leaves, garden waste or any other bio degradable
waste into organic natural gas which is combustible comprising of methane with
90 to 94 percent purity.

Kapil Sibal, Union Minister of Communications & IT and
HRD, recently inaugurated New Products Lab at ITI.  

Sibal has assured government support to ITI in areas such as
defense business, R&D and the company’s modernization drive.

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