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India puts on hold defence deals with Finmeccannica
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In the wake of alleged chopper scam, India has put on hold all procurements from Italian defence group Finmeccannica and its affiliate companies, a move that will hit hard acquisitions for the armed forces as it is taking part in projects worth over Rs 30,000 crore. Finmeccannicca is the parent firm of AgustaWestland, which was accused of paying kickbacks to the tune of over Rs 360 crore in the Rs 3,600 crore deal for supplying 12 VVIP choppers to the air force and the deal has since been scrapped. The Ministry has also asked the departments under it to stop any kind of dealings with the firms named in the VVIP chopper scam FIR including.
How bad will it hurt India's defence preparedness?
How bad will it hurt India's defence preparedness?
URL: Embed:
Email Share Comment
Comments to the EditorBe the first to write a comment.
In the wake of alleged chopper scam, India has put on hold all procurements from Italian defence group Finmeccannica and its affiliate companies, a move that will hit hard acquisitions for the armed forces as it is taking part in projects worth over Rs 30,000 crore. Finmeccannicca is the parent firm of AgustaWestland, which was accused of paying kickbacks to the tune of over Rs 360 crore in the Rs 3,600 crore deal for supplying 12 VVIP choppers to the air force and the deal has since been scrapped. The Ministry has also asked the departments under it to stop any kind of dealings with the firms named in the VVIP chopper scam FIR including.
How bad will it hurt India's defence preparedness?
How bad will it hurt India's defence preparedness?
