Government Cancels Rs 19,000 Crore Rural Broadband Connectivity Bid For Lack Of Bidders
State-owned Bharat Broadband Nigam Limited (BBNL)Â has cancelled a Rs 19,000-crore tender that was floated for connecting villages across 16 states with an optical fibre-based high-speed broadband network, following the lack of participation of eligible bidders.
The project was approved in June last year to roll out an optical fibre network under BharatNet in 16 states in a public-private partnership model with a total expense of Rs 29,430 crore.
Government had approved a viability gap fund of Rs 19,041 crore for the project that aimed to connect 3.61 lakh villages across 16 states.
The project was divided into nine packages, and tenders for each of the packages were floated separately.
For each of the nine tenders, BBNL on February 8 said the tender of the corresponding package "with all its corrigenda is hereby cancelled on account of non-participation by any bidder".
An e-mail query sent to BBNL elicited no response.
However, an official source said that there was participation from some firms, bids were evaluated; but the participants failed to qualify.
"The tender will be floated again after taking feedback from the industry. The government is committed to connecting villages with broadband at the earliest," the source, who did not wish to be named, said.
The government opted for a public-private partnership after state-owned firms faced several issues in expediting the projects and missed several deadlines.
The BharatNet project was approved in 2011 as the National Optical Fibre Network with an aim to connect all 2.5 lakh panchayats with the optical fibre network by 2013.
The project now has been extended to 2025 now.
According to official data, over 1.69 lakh village panchayats have been made service-ready for broadband services under BharatNet as of December 31, 2021.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.