6 Firms "Blacklisted" for 10 Years!!!!
"Six defence firms, including four from abroad, were Monday banned from doing business with ordnance factories in India for the next 10 years for their alleged links to a graft case involving a former Ordnance Factory Board (OFB) chief.
Singapore Technologies Kinetics (STK), Israeli Military Industries (IMI), Germany's Rheinmetall Air Defence and Corporation Defence Russia, as also two Indian firms, were debarred from dealing with the OFB (rpt OFB) of the department of defence production under the defence ministry."
Link to whole story : India bans six defence firms for 10 years
But what does this actualy mean!!! Note it only says barred from doing business with the Indian Ordnance Factories, can the rest of the GOI still do business with these companies?
Regards
Arty
"Six defence firms, including four from abroad, were Monday banned from doing business with ordnance factories in India for the next 10 years for their alleged links to a graft case involving a former Ordnance Factory Board (OFB) chief.
Singapore Technologies Kinetics (STK), Israeli Military Industries (IMI), Germany's Rheinmetall Air Defence and Corporation Defence Russia, as also two Indian firms, were debarred from dealing with the OFB (rpt OFB) of the department of defence production under the defence ministry."
Link to whole story : India bans six defence firms for 10 years
But what does this actualy mean!!! Note it only says barred from doing business with the Indian Ordnance Factories, can the rest of the GOI still do business with these companies?
Regards
Arty
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