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Choppergate fallout: Govt cancels all defence tenders bagged by Finmeccanica

Choppergate fallout: Govt cancels all defence tenders bagged by Finmeccanica

The government has decided to cancel all ongoing tenders for defence equipment won by Italy's Finmeccanica as a precursor to blacklisting of the firm which is being investigated for bribery in the AgustaWestland VVIP chopper deal.

 Foreign defence vendors' contracts to be cut in 2 years: Manohar Parrikar

Foreign defence vendors' contracts to be cut in 2 years: Manohar Parrikar

Government plans to reduce contracts with foreign defence equipment vendors to 30 per cent of the total procurement over the next two years, Defence Minister Manohar Parrikar said on Friday.

Govt comes out new offset policy in defence deals

The new policy provides greater flexibility to the vendors in offset contracts and aims at ensuring level playing field to Indian vendors in capital acquisitions.