SNA - Singapore Technologies banned from doing business in India for 10 years

New Delhi, March 5 : India Monday banned six defence firms, including four foreign companies, from doing any business in the country for 10 years beginning 2012, following the chargesheeting of a former Ordnance Factory Board (OFB) chief in a graft case. The companies banned are Singapore Technologies, Israeli Military Industries, German Rheinmetall Air Defence, Russia Corporation Defence and two Indian firms, defence ministry spokesman Sitanshu Kar told reporters here. The ban will be effective for 10 years beginning 2012, he added. Full story Related: Defence Ministry blacklists six arms' companies - The Economic Times India Bans Six Defense Companies - Aviation Week Six defence firms blacklisted for 10 years - Hindustan Times

Full article: http://singaporenewsalternative.blogspot.com/2012/03/sing...

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