State-run Hindustan Aeronautics Ltd (HAL) has become the first defence behemoth to sign an agreement with Transparency International India (TII) to adopt its integrity pact, a top official said.
"As we deal with hundreds of domestic and overseas vendors for goods and services, the agreement with TII will set higher standards in our operations," HAL chairman R.K. Tyagi said in a statement here Tuesday, a day after signing the pact in New Delhi.
The $2.8-billion state-run aerospace major has similar pacts with 115 vendors, including 85 overseas firms and 30 Indian.
"The pact with TII ensures that all activities and transactions with government departments and suppliers are conducted in fair and transparent manner," Tyagi asserted.
TII will support the Bangalore-based public enterprise by offering advice and resources to implement the integrity pact.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app