Defence Ministry bars some firms for 10 years over irregularities

The Defence Ministry has barred 2 Indian and 4 foreign firms for 10 years from all business dealings due to their engagement in abnormalities in the recent past. The debarred foreign companies are from Singapore, Israel, Switzerland and Russia. The two Indian companies are located in New Delhi and Ludhiana. Minister of State for Defence MM Pallam Raju held that the Defence procurement was going on via alternative indigenous and foreign sources.

Month: Current Affairs - May, 2012