The meeting of the India-Russia Inter-governmental Commission on Military Technical Cooperation (IRIGC-MTC) which was to be held tomorrow has been deferred due to the inability of the Russian Co-Chair of the Commission and the Defence Minister Mr. Serdyukov to travel to India as scheduled.
It has been conveyed by the Russian side that the Russian Defence Minister was required to stay in Russia for his urgent participation in a programme of the Russian President.
The IRIGC-MTC meeting will now be held on 10th October, which is an annual meeting at the level of Defence Ministers of the two countries.
Despite irritants cost overruns and delays in the delivery of military hardware,& its contractual obligation by delivering the aircraft carrier by March-April, 2013 If it fails to do so, the Indian side may consider penalties has put russian defence under pressure.russia has hiked all its defence by 500%,if it doesnt honour its commitment of timely delivery than india has its legitimate rights to claim its penalties.
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