India Won’t Buy Military Equipment From Any Foreign Firm That Is Involved In Corruption

Four foreign and two Indian arms companies remain blacklisted or “debarred” by the government, while dealings are “suspended” with another 14 and “restricted” with four, according to a fresh vigilance circular issued by the defence ministry (MoD) on Monday.

Global arms majors Singapore Technologies Kinetics (STK) and Israel Military Industries (IMI) fall in the first category of blacklisted firms, while Denel (South Africa), Leonardo SpA (erstwhile Italian conglomerate Finmeccanica) and its UK-based subsidiary AgustaWestland International are present in the “suspended” group.

Reuters/Representational Image

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