Aug 6, 2013
Lets give RK Tyagi, Chairman, HAL some credit. He has gone where no PSU has ever dared to venture by signing a Memorandum of Understanding (MoU) with Transparency International India (TII) for adoption of Integrity Pact (IP).
One would like to hear of details on the implementation of the agreement- or is it just like any other MOU, yet to move forward?
“Considering that HAL deals with a 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”, says Tyagi. Would also like to know what HAL will do if standards are flouted? Will they be willing to get rid of vendors?
HAL has so far signed an "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 fair and transparent manner.
TII will support HAL by providing advice and resources to implement the Integrity Pact program successfully, says a statement. Advice is a dime to the dozen. A followup on this will be a great learning for one and all. Cynicism aside, who knows- change may well be on its way!