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Govt has banned 6 defence firms from doing business: Bhamre

Press Trust of India  |  New Delhi 

The government has banned six defence firms from doing with it while 14 others have been put on the list of suspended companies, the government said today.

In addition, two other companies have been placed on the restricted procurement list, it said.

During the Question Hour in the Rajya Sabha, Minister of State for Defence said the had put in place guidelines, which provide for levying of fines, suspension or banning of entities.

According to the information shared with the members today, the has put six entities on the list of banned firms.

These are: M/s Singapore Technologies Kinetics Limited, M/s Militaries Industries Limited, M/s T S Kisan & Co Pvt Ltd, M/s R K Ltd, Ludhiana, M/s Air defence (RAD), and M/s Corporation Defence,

According to the written reply tabled in the Upper House, among the suspended firms were M/s Denel, South Africa, M/s Shanx Oceaneering, M/s Inter Spiro India Pvt Ltd, M/s Experts Systems, M/s Unitech Enterprises, M/s Kelvin Engineering, M/s Westland International Ltd, of companies including M/s and M/s Atlas Defence Services.

Other companies on the suspended list include M/s (erstwhile M/s Finmeccanica), M/s IDS, Tunisia, M/s (IDS), Mauritius, M/s IDS Infotech Ltd, Mohali, M/s Aeromatrix Info Solution Pvt Ltd, Chandigarh and M/s Offset India Solutions (P) Ltd (OIS) and its group of companies, the details provided by the government said.

According to the details, two firms - M/s Rolls Royce Pvt Ltd and its allied and subsidiaries and M/s Tatra Trucks A.S. of the

Responding to questions, Bhamre said in some cases a review is held.

Citing the case of IAI of Israel, he said after a closure report in the court, the restrictions were removed.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, August 06 2018. 20:45 IST