Purchase of South Korean Navy minesweeper for Indian Navy Grounded September 05, 2014 at 06:56PM

SOURCE : INDIA TODAY India’s first major defence hard-ware import from East Asia is in jeopardy after the defence ministry flagged irregularities in a Rs.2,300 crore deal to buy eight mine counter-measure vessels from South Korea. On May 29 this year, the ministry encashed a Rs.3 crore bank guarantee furnished by the Kangnam Corporation, which […]



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