The ministry of defense has put 21 companies on hold or debarred or suspended. According to information, six companies—Singapore Technologies Kinetics Ltd (STK), Israel Military Industries Ltd (IMI), TS Kisan & Co Pvt Ltd, New Delhi, RK Machine Tools Ltd, Ludhiana, Rheinmetall Air Defence (RAD), Zurich, and Corporation Defence, Russia—were debarred. Doing business with 13 firms has been put on hold or suspended. These include IDS, Tunisia, Infotech Design System (IDS), Mauritius, IDS Infotech Ltd, Mohali, Aeromatrix Info Solution Pvt Ltd, Chandigarh, Shanx Oceaneering Inter Spiro India Pvt Ltd, Inter Spiro India Pvt Ltd, Experts Systems, Unitech Enterprises, Kelvin Engineering, Atlas group of companies including Atlas Telecom and Atlas Defence Services, Offset India Solutions (P) Ltd and its Group companies/functionaries, Pilatus Aircraft Ltd, Switzerland and Vectra Advanced Engineering Pvt Ltd (VAEPL).
The list also include 2 companies- namely Rolls Royce and its allied and subsidiaries companies and Tatra Trucks of the Czech Republic, with whom procurement has been restricted. However, the list did not mention the name of AgustaWestland and its parent firm Leonardo, earlier called Finmeccanica. The government banned Finmeccanica from all future military contracts in 2014. The company was involved in an alleged scam of Rs 35,000 crore VVIP chopper deal.
Newsinc24 Team





Related Items
Govt forms high-level panel to address demographic changes
Gujarat Assembly forms financial, house committees for FY27
IPR watch list: US keeps India on priority, Vietnam as top concern