DAC to review the blacklisted defence firms

Indian Defence Acquisition Council (DAC) is likely to review the blacklisting of defence companies, for which restrictions had been put in place but has since been cleared of charges by investigative agencies. Moreover, the committee would be taking decision that whether a banned company against which investigations has now ceased and been discarded should be awarded a new contract by the Armed Forces. Further, the policy to legalize the middlemen or consultants in the defence business would also be discussed. While the details will emerge in a new defence procurement policy that is set to come up soon, it is expected that norms will be set in to minimise the barring of companies.

 Source: http://economictimes.indiatimes.com/news/politics-and-nation/ban-list-defence-minister-manohar-parrikar-to-review-vectra-case/articleshow/46721864.cms

Comments are closed.