Jagran Josh Logo

IRCON signed MoU with Transparency International India

Apr 23, 2014 16:57 IST

Public Sector Undertaking (PSU) Ircon International Limited (IRCON) signed a Memorandum of Understanding (MoU) with Transparency International India (TII) on 22 April 2014. It signed the MoU for implementing Integrity Pact.

The MoU is aimed at maintaining complete transparency, integrity and accountability in all its major contracts and procurement.

image

The Integrity Pact is a tool conceived by the Berlin-based Transparency International to fight corruption in public procurement. It is a voluntary agreement between a buyer and the prospective vendors or bidders, which abstains exercise of corrupt on any aspect of the contract. The pact will ensure efficiency, helps in building public trust and enhances the credibility of the organisation.

Till date, 47 PSUs have signed the Integrity pact.

About Ircon
• Ircon International Limited (IRCON) under the Ministry of Railways was set up in 1976. IRCON’s original name was Indian Railway Construction Company Limited.
• It has widespread operations in several States in India and in other countries like Malaysia, Nepal, Bangladesh, Mozambique, Ethiopia, Afghanistan, U.K. Algeria and Sri Lanka.
• IRCON is a specialized Constructions organization covering the entire spectrum of construction activities and services in the infrastructure sector.

About Transparency International India
• Transparency International is an international civil society organisation based at Berlin that has turned the fight against corruption into a worldwide movement. Transparency International India (TII) is an Indian branch of Transparency International.
• Transparency International India (TII) is part of the Asia Pacific forum comprising 20 nations that include China, Sri Lanka, Bangladesh, Pakistan, Maldives and others.

Is this article important for exams ? Yes20 People Agreed

DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

Newsletter Signup
Follow us on
This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK