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| Denel G-5 155mm Howitzer (Image: Wiki Commons) |
By VIVEK RAGHUVANSHI
NEW DELHI — India has removed South Africa’s Denel from a blacklist, allowing the company to again do business here after nine years of investigations failed to prove corruption charges related to a rifle purchase.
The Indian Ministry of Defence sent a letter Aug. 12 to Denel lifting the ban, said a source in the MoD.
An executive of Denel, who requested not to be named, said they received a communication from MoD saying the ban had been lifted, but gave no details of the contents of the MoD letter.
“The decision to de-blacklist Denel and allow it to do business in India will send a positive signal to overseas defense companies to do business in India,” said an executive of an overseas defense major based in New Delhi.
Read the full story at DefenseNews