Public sector telecom manufacturer ITI Limited signed agreements with 58 start-up companies manufacturing solutions related to information and communication technology (ICT), Internet of Things (IoT) and defence technology, to give fillip to entrepreneurship. These agreements were signed during the first ICT-IoT Expo on the sprawling premises of ITI in Bengaluru. Among the 400 startups, 58 have been shortlisted.
These include civil and military advanced radar systems, advanced edge router systems, next generation 5G technology products, data storage and networking solutions, digital security solutions, advanced metering solutions, and wi-fi products and solutions.
The agreements were signed in the presence of Union Minister of State for Communications Manoj Sinha and Chairman, Telecom Commission and Secretary, Department of Telecommunications, Smt. Aruna Sundararajan.
Speaking at the valedictory session of the Tech Expo, Manoj Sinha said with more than 20,000 startups, India has the second largest ecosystem for startups in the world. He is hopeful that the agreements signed here will also help ITI diversify its’ manufacturing capabilities in partnership with the startups, thereby supporting the sustainable turnaround of ITI.”
ITI Limited has also entered into an agreement with Telecommunication Engineering Center (TEC), New Delhi for establishment of state-of-the-art telecom testing labs at its Bengaluru plant to facilitate mandatory testing of imported and indigenous telecom equipment in India.
Smt. Aruna Sundararajan said that the draft National Digital Communications Policy 2018 emphasizes domestic manufacturing of digital communications equipment and components, and aims to introduce a Phased Manufacturing Program for identified product segments to accelerate the achievement of this goal.
Speaking on the occasion, K Alagesan, Chairman and Managing Director, ITI Limited welcomed their partnership with ITI to create mutually beneficial outcomes. More than 500 startups and tech entrepreneurs actively participated in the event.