THE Ministry of Defence on Thursday said that it has selected a KPMG Advisory Services- led consortium as the consultant for corporatisation of the Ordnance Factory Board (OFB).
In a press statement, the MoD stated, “Consequent to evaluation of the technical and financial proposals of the bidders, the Department has selected M/s KPMG Advisory Services Pvt Ltd, the Lead Consortium Member with M/s Khaitan & Co Ltd as Consortium Member, as the Consultancy Agency for the said project. The contract with the consultancy agency would be signed shortly and subsequently, the consultancy agency would commence its services as per the terms and conditions of the contract.”
The three main federations of the workers have said that they will go on indefinite nationwide strike on October 12, as announced earlier, and have pointed to complaints to Central Vigilance Commission about alleged irregularities in the bids called for selection of the consultant.Read more…
