From Domain-B
Mumbai: The World Bank has declared two Indian pharmaceutical firms, Nestor Pharmaceuticals Ltd (Nestor) and Pure Pharma Ltd (Pure Pharma), ineligible for contracts financed by it as the two have allegedly indulged in collusive practices.

It barred Nestor, which also has a manufacturing unit in Britain, from doing business with the World Bank for three years and Pharma for one year, the bank said in a statement.

Both firms were found to have engaged in collusive practices in connection with the World Bank-financed Reproductive and Child Health Project (RCH-I) in India.

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