By VIVEK RAGHUVANSHI
NEW DELHI — The Indian Defence Ministry will not blacklist AgustaWestland or parent company Finmeccanica, restricting its action only to canceling the €556 million (US $766 million) contract for 12 VVIP helicopters to India, MoD sources said.
The decision not to blacklist AgustaWestland allows it to remain in two Indian competitions, added one of the sources.
AgustaWestland is competing to supply 56 naval utility helicopters to the Indian Navy and 14 twin-engine helicopters to the Indian Coast Guard.
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