Business

Indian Defence Ministry lists out firms barred from business; including two Indian firms

ndian firms debarred are TS Kisan and Co Pvt Ltd, and RK Machine Tools Ltd

Indian Defence Ministry lists out firms barred from business; including two Indian firms

In a major decision, the Ministry of Defence on Monday issued a list of companies that have been debarred or suspended from engaging in business with the ministry.

These companies may have engaged in wrongdoings in various cases.

Of the six firms which have been debarred, only two are Indian.

The Indian firms debarred are TS Kisan and Co Pvt Ltd, and RK Machine Tools Ltd.

The other four companies are Singapore Technologies Kinetics Ltd, Israel Military Industries Ltd, Rheinmetall Air Defence in Zurich and Corporation Defence in Russia.

No business transactions with these six firms are allowed till 2022.

Again, there few other firms which have been suspended from engaging in business with the defence ministry.

These include Agusta Westland International Ltd in UK, and Leonardo SpA (erstwhile Finmeccanica), both of which were involved in the infamous Rs 3,600-crore VVIP chopper deal scam.

Some of the other firms involved in the VVIP helicopter scam also have been suspended by the defence ministry.

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