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No middlmen allowed in defence deals: Pranab

Written by: Staff

New Delhi, Oct 25: 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.


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