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Defence ministry points new record of sanctioned companies | India Information

NEW DELHI: The defence ministry has come out with a brand new record of companies with whom dealings have been both debarred, suspended or placed on maintain.
AgustaWestland, the British-Italian agency whose identify was embroiled within the VVIP chopper rip-off, has been dropped from the record, and in addition its father or mother agency Leonardo SpA.
The brand new record names Singapore Applied sciences Kinetics and Israel Army Industries among the many six companies with whom dealings have been debarred.
Transactions have been suspended with 13 companies, amongst them IDS Tunisia and Infotech Design System, Mauritius.
Rolls Royce together with its allied and subsidiary corporations, and Czech agency Tatra Vehicles have been placed on the ‘Restricted Procurement’ record.

India just lately lifted the ban on enterprise dealings with defence main Leonardo SpA, the erstwhile Italian conglomerate Finmeccanica enmeshed within the notorious Rs 3,546 crore VVIP helicopter rip-off together with its UK-based subsidiary AgustaWestland Worldwide since 2013-2014.
The choice to renew enterprise with Leonardo SpA is “topic to sure situations imposed on the corporate.”
Underneath the situations, Leonardo SpA can’t make any business claims or file any civil swimsuit in opposition to the Indian authorities for any earlier deal. Furthermore, new enterprise dealings will happen “with none prejudice” to the continuing investigations into the alleged VVIP helicopter rip-off by the CBI and Enforcement Directorate, which can proceed, sources stated.
(With company inputs)

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