• search

No middlmen to be allowed in defence deals: Pranab

Written by: Staff
Subscribe to Oneindia News

New Delhi, Oct 24 (UNI) Declaring that no middlemen would be allowed in defence deals, Defence Minister Pranab Mukherjee today said the government would soon announce new procedures for the registration of arms dealers.

The government would soon announce procedures to make it easier and mandatory for all arms agents to register themselves with not only the Defence Ministry, but also the Reserve Bank of India, Mr Mukherjee said at the FICCI-sponsored seminar on 'Public-Private Parternship in Defence Procurements'.

''There is a ban in force on middlemen,'' he said and pointed out that the new arms procurement policy made it necessary for all weapon sellers to sign integrity pacts, binding them not to use middlemen in deals.

Though middlemen are banned in weapons deals, the ban would not be applicable to duly registered arms agents, he added.

UNI YJ RR ND1616

For Breaking News from Oneindia
Get instant news updates throughout the day.

X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more