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India’s Multi-billion Dollar Scorpene Sub Contract

Discussion in 'Indian Defence Industry' started by Virajith, Mar 12, 2013.

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  1. Virajith

    Virajith Captain SENIOR MEMBER

    Jun 1, 2011
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    Defense minister Antony offers a written Parliamentary reply to say that India still hasn’t finalized a contract for torpedoes. A Special Technical Oversight Committee (STOC) was convened to review the complaints about the proposed Black Shark buy, and approved it as fair and to procedure. The high-level political Defence Acquisition Committee accepted the report in September 2012 (6 months ago), and has done… nothing. The purchase has now been delayed for over 3 years.

    . Part of the reason involves allegations that WASS’ parent firm Finmeccanica paid bribes to secure a contract for 12 AW101 VVIP helicopters. In Italy, its CEO is facing bribery charges, and has been deposed. That sort of thing could get the parent firm blacklisted, which would also scuttle the torpedo buy and could make it difficult for India to build its Vikrant Class indigenous aircraft carriers. As of March 11/13, Finmeccanica subsidiary AgustaWestland has been given a ‘show cause’ notice regarding cancellation, but had not had the contract cancelled, or been blacklisted. See also Jan 12/10, Jan 31/11, Oct 28/12. India PIB .

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