Government has reacted sharply to scam-tainted Finmeccanica's warning to reassess ongoing projects of supplying components to India. <br/><br/>Union Minister Ravi Shankar Prasad said in New Delhi yesterday that the NDA government is not scared of any threat. <br/><br/>He was responding to a question on Italy's Finmeccanica's warning of reassessing its ongoing projects of supplying components and essential services if an agreed and transparent solution is not found in the backdrop of on-going blacklisting process of the company. <br/><br/>Earlier, Defence Minister Manohar Parrikar had said the government has decided to cancel all ongoing tenders for defence equipment won by Finmeccanica as a precursor to blacklisting of the firm, which is being investigated for bribery in the AgustaWestland VVIP helicopter deal.
News On AIR | June 2, 2016 12:10 PM
Centre rejects Finmeccanica's warning to reassess ongoing projects, says govt is not scared of it