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IRCON Signs MoU with Transparency International India
May 01, 2014

IRCON International Limited, a Public Sector Undertaking under the Ministry of Railways, signed a Memorandum of Understanding (MoU) with Transparency International India (TII) for implementing Integrity Pact. This MOU is aimed at maintaining complete transparency, integrity and accountability in all its major contracts and procurement. 

The Integrity Pact will not only ensure efficiency, but it also helps in building public trust and enhances the credibility of the organisation. So far, 47 PSUs have signed the Pact.  Integrity Pact is a tool conceived by the Berlin-based Transparency International to fight corruption in public procurement through a voluntary agreement between a buyer and the prospective vendors/bidders, refraining both sides to exercise any corrupt influence on any aspect of the contract. 


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