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FIPB clears Tata, Westland proposal to assemble choppers - The Economic Times

10/11/13 5:24 pm

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FIPB clears0 Tata, Westland proposal to assemble choppers

By PTI | 10 Nov, 2013, 03.43PM IST
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READ MORE ON Tata Westland | Tata Sons | Finmeccanica | Finance minister | Business Partnership | Augusta Westland | Attorney General

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NEW DELHI: The FIPB has approved a

Twitter Mania Totally Worth It? Amazing Picture Shows Nationof & Institutions proposal to assemble upgraded version

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a military and civil helicopter in collaboration with the Augusta Westland, a firm which is facing corruption inquiry in India.

As per the proposal the Indian Rotorcraft will assemble AW119Kx helicopters, an upgraded version of AW119Ke chopper.

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The Foreign Investment Promotion Board (FIPB) in its meeting on September 19 approved the proposal of Indian Rotorcraft, ET SPECIAL: Save precious time tracking your which is a joint venture between Tata Sons investments Super Typhoon leaves 6 Former babus who changed (74 per cent) and Augusta Westland (26 Philippines devastated the way govt is run per cent). At least 10,000 people died in the central Aruna Roy who left cushy govt job at a
Philippine province of Leyte after Typhoon young age to join the brigade of full-time

Chhattisgarh goes to p under the Naxal gun

Naxals have sent out signals th strike violently before or after th

As per proposalstorms the Indian Rotorcraft will assemble AW119Kx helicopters, an Haiyan, one of the the strongest ever to social activists. By making RTI a reality, Roy derail the govts aggressive effo make landfall, lashed the province. has demonstrated that one can achieve away supporters from their fold upgraded version of AW119Ke chopper. The company expects to commence production
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Women outnumber men in se reserved for STs How to unshackle CBI: Lessons from With NABARD, Murshidabad Canada The issue of corruption charges on Augusta Westland's parent company spinning a new livelihood Manish Tiwari had sought statutory statusFinmeccanica forit CBI in observed 2010 came up during the FIPB meeting and was that "the issue which was being

investigated related to helicopter model AW101 and not this proposal", sources said. The board, according to sources, observed in its minutes that "the law will take its own course and the current FIPB consideration is without prejudice to any existing or future civil or criminal proceedings against the foreign investor or its parent".
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The proposal will now be placed before the Finance Minister for a final nod. The Defence Ministry had issued a final show cause notice to Augusta Westland for violating the terms of the contract on October 21 and asked the Anglo Italian firm to explain why "all or any action as prescribed, including cancellation of the contract, should not be taken against them for violating the terms of the pre-integrity pact and the contract for procurement of 12 VVIP choppers".

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FIPB clears Tata, Westland proposal to assemble choppers - The Economic Times

10/11/13 5:24 pm

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The Attorney General has already given his opinion to the Defence Ministry that there was breach of contractual obligations and the integrity pact by the firm. The government has already frozen the contract for supply of 12 AW-101 VVIP choppers to the IAF after allegations that Rs 360 crore was paid as bribe in which two top officials of the company were accused.
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FIPB clears Tata, Westland proposal to assemble choppers - The Economic Times

10/11/13 5:24 pm
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Bizzare. How can GOI approve this proposal with a scamstar company. The excuse that its not for the model under cloud, is to put it mildly, BS.


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FIPB clears Tata, Westland proposal to assemble choppers - The Economic Times

10/11/13 5:24 pm

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