HAL signs MOU with Transparency International India
Hindustan Aeronautics Limited (HAL) has signed a memorandum of understanding (MoU) with the Transparency International India (TII) for adoption of integrity pact (IP). “Considering that HAL deals with number of domestic and international business partners for goods and services, the MoU will go a long way in establishing higher standards in our operations,” said Dr R.K. Tyagi, Chairman, HAL.
The MoU was signed by Dr Tyagi and Justice Kamleshwar Nath, Chairman, TII, at a function in New Delhi recently. HAL has so far signed “integrity pact” with 115 vendors (85 foreign and 30 Indian).
“Integrity pact” is a tool developed to ensure that all activities and transactions between companies or government departments and their suppliers are handled in a fair and transparent manner. TII will support HAL by providing advice and resources to implement the integrity pact programme successfully. Incidentally, HAL is the first defence public sector undertaking to sign such an MoU with TII.