“There are close to 140 Private Security Companies operating in the North Indian Ocean, which hire out Privately Contracted Armed Security Personnel or PCASP,” said navy chief, Admiral DK Joshi, adding, “It has obvious security implications for us, including infiltration of terrorists.”
Noting the Indian rupee crash, FICCI’s Secretary General, Dr A. Didar Singh, wrote to Defense Minister AK Antony criticizing the failure of the DPP 2013 to create a ‘level playing field’ for Indian private industry.
Blacklisting is the politician’s response to cop out of responsibility for ensuring a corruption free defense acquisition process, that serves no purpose for either the Indian armed forces or the taxpayer, and is effectively the application of rules that govern the PWD (Public Works Department).
The story about the arrest of Giuseppe Orsi, Chairman and CEO of Italian defense and aviation company, Finmeccanica, broke sometime on Tuesday afternoon, a few days less than a year when investigations first began into the company over allegations of corruption in Indian contracts.
The fourth round of ADD, held after nearly two years, was led by India’s Defense Secretary Shashikant Sharma and Chinese People’s Liberation Army (PLA) Deputy Chief of General Staff General Ma Xiaotian. The two sides also discussed defense exchanges for 2012 and agreed to “gradually enhance” the range and scope of their interaction, according to Indian defense ministry officials.
The Indian government will soon decide on penal action against an Israeli defense company blacklisted in connection with a graft case filed by the Central Bureau of Investigation (CBI) against a former Ordnance Factory Board (OFB) chief, the Indian Upper House of Parliament, the Rajya Sabha was informed Wednesday.
India’s negotiations with French firm Snecma for the development of a production version of the indigenous Kaveri engine to power military aircraft is in the final stage of cost negotiations, Defense Minister Arackaparambil Kurian Antony told the Indian Upper House of Parliament, the Rajya Sabha Wednesday.
“It (Suez Canal) is a really significant issue. We as military men and anybody worth their salt should be talking about it. It is a serious issue. I can see doomsday scenarios,” Admiral Stanhope, who is on a five-day visit to India, told a group of Indian journalists here.