SOURCE: Ajai Shukla | Business-standard.com round 2004, when the Indian Air Force (IAF) ordered some 40 additional Sukhoi-30MKI fighters from Russia, India’s cabinet exempted Moscow from providing bank guarantees to cover “performance and delivery liabilities” for the new aircraft. Russia had insisted on this exceptional waiver, given its strategic relationship with India and the Su-30MKI’s […]
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