MOU
ITI Limited signs MoU with Tech Mahindra
Bengaluru: To supplement country’s requirement of self-reliance in the area of Telecommunication, ITI Limited, a PSU Manufacturing Telecom & Defense Equipment and Tech Mahindra, a leading provider of digital transformation, consulting and business reengineering services have signed a Memorandum of Understanding (MoU) to work together in the areas of 4G & 5G smart networks, Smart Cities and Health Care services.
ITI and Tech Mahindra will collaborate to create “Make in India” stack as part of this MoU for the upcoming 4G & 5G opportunities in India. ITI Limited, with more than seven decades of experience in manufacturing will productionise the 4G upgradeable to 5G Radio Access Network & related equipment in line with government’s initiative of Aatma Nirbhar Bharat. Tech Mahindra will be responsible for providing the software IPs, implementation and integration services, operations and maintenance services. This partnership intends to jointly build a framework that will provide solutions of the upcoming wireless technologies to different telecom service providers in the country and also address business opportunities globally.
Shri R M Agarwal, Chairman & Managing Director, ITI Limited, said, “The initiative is to build local competence by synergising the offerings of ITI & Tech Mahindra to create a next generation wireless stack that will help India to become self-sufficient in the area of Telecommunications. ITI with state of the art facilities and capabilities for manufacturing Telecom equipment plans to manufacture the eNodeB and 5G NR products in the different plants using Tech Mahindra software and wireless technologies. The partnership will not only help to reduce dependency on import of Telecom equipment from foreign countries but also address the concerns in building a strategic network for Defense Communication. Through this partnership we commit ourselves to the Government’s initiative of Aatma Nirbhar Bharat.”
Commenting on partnership with ITI, Shri Sujit Baksi, Head APAC Business & President Corporate Affairs, Tech Mahindra, said, “Tech Mahindra will bring state of the art platform technologies and software capabilities and ITI will use its world class manufacturing facilities and expertise to build wireless solution for next generations. We are delighted to partner with ITI in this important initiative towards self reliance in the area of technology.”
News Must Read
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station
- REC Ltd. has incorporated subsidiary company BPTL
- Hon’ble Vice President of India Confers `Outstanding PSU of the Year’ Award on HAL
- BharatPe Launches India’s first All-in-One Payment Device
- NBCC registers historical Performance in FY2023-24
- RuPay Unveils Link it, Forget it Campaign at IPL 2024 to Promote RuPay Credit Card on UPI
- NTPC Green Energy Limited Inks MoU with Indus Towers Limited
- CIL’s capex up 6.5% to highest Rs.19,840 Crores in FY 2024