Ban on Tatra trucks lifted

New Delhi: Changes in the Defence Procurement Policy to legalise representatives from foreign defence firms will be done in another month and a half, Defence Minister Manohar Parrikar said.

In an interaction with journalists late Tuesday night, he also said that the ministry is thinking of giving conditioned and limited approval to dealing with banned firms, and a ban has been lifted to get spare parts for Tatra trucks.

"Representatives from defence firms are already allowed in the Defence Procurement Policy... the problem is it does not say what is not acceptable," Parrikar said.

"Changes will be made to the DPP, representatives will be allowed but commission, or percentage of profit for the deals will not be allowed. The representative's remuneration shall be declared by the company," he said.


For More information on this news visit : http://www.newsx.com/
Connect with us on Social platform at : http://www.facebook.com/newsxonline
Subscribe to our YouTube Channel : http://www.youtube.com/newsxlive