Government’s stance on Chinese companies is tough, this stock will get tremendous advantage.

DoT means Department of Telecommunications, Government telecom company Bharat Sanchar Nigam Limited. (BSNL) has been directed to ban the use of Chinese devices in its 4G upgrade program. Apart from this, the entire tender issued in this regard has also been asked to be issued afresh. Let us know that the 4G upgrade program is part of the revival plan of BSNL. The Department of Telecommunications is also seriously considering asking private telecom service provider companies to reduce their dependence on China-made equipment.

This decision of the government will benefit the telecom company ITI, because the government has given the army the right to purchase emergency, these forces will be able to stock goods for the war reserve. Explain that 35% of ITI’s income comes from defense sector. The telecom ministry has ordered a ban on Chinese equipment from which ITI will get a big benefit.

Read this too: https://capitalboat.in/saudi-arabian-government-to-invest-rs-11367-crore-in-jio-platforms/

Significantly, ITI is the largest telecom product company in the country. The company has also started making face shields during the Corona crisis and has also tied up with DRDO. The company will make portable ventilators. RFP may be released soon for BharatNet. At the same time, if the telecom companies get relief in the AGR case, then this company will be a big benefit.

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