Blanket ban partially revoked, says Ministry

Defence Minister Manohar Parrikar in August 2014 decided to make a partial revocation of the blanket ban on Finmeccanica and its subsidiaries, including AgustaWestland, as it was affecting the operational preparedness of the armed forces, the Ministry said in a statement on Thursday.

“It is the present Government which through its order dated 03 July 2014, put on hold all procurement/acquisition cases in the pipeline of six companies figuring in the FIR registered by the Central Bureau of Investigation,” it said.

With the easing of the ban, Finmeccanica was allowed to supply spares and support for existing platforms.

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Printable version | Jan 17, 2022 10:26:32 AM |

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