Manufactures and suppliers of telephone, communications equipment and parts ITI expects to be profitable by FY13 irrespective of its merger with MTNL and BSNL.
Speaking to CNBC-TV18, KL Dhingra, chairman and managing director of ITI said, "The merger seems to be a remote possibility because there is some opposition from BSNL and MTNL on this merger. But on our own we should be in a position to come back to profit by year 2012-2013 definitely." Losses incurred by ITI in FY11 have been reduced to an eight year low, he added. He also highlighted that company has been suffering due to increased imports of equipments from China and other European countries. It is facing issues like availability of finance and lack of support for research and development. However, he feels that the draft national telecom policy 2011 has addressed all these issues and hopes that the proposals announced in the draft if implement will benefit the company. Below is the edited transcript of the interview. Also watch the accompanying video. Q: What did you take away from yesterdayDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
