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Clarification on Ban Policy

Indian private firms can enter into JV, technology partnership with the henceforth banned foreign original equipment manufacturer firms such as IMI, Singapore Technologies and Rheinmetall etc. The clarification will have immediate impact on response to the tenders issued for procuring Ammn such as 125 mm FSAPDS, 122 mm rockets for the GRAD MRL and 23 mm ammunition etc.

http://economictimes.indiatimes.com/private-companies-can-now-tie-up-with-banned-foreign-vendors-to-make-ammo-for-army/articleshowsp/59259416.cms?intenttarget=no&utm_source=newsletter&utm_medium=email&utm_campaign=IACC&type=iaccnewsletter

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