Moscow, September 3
India and Russia have finalised a significant deal for manufacturing AK-47 203 rifles in India throughout Defence Minister Rajnath Singh’s ongoing go to right here, the official Russian media reported on Thursday.
The AK-47 203 is the newest and most superior model of the AK-47 rifle, which can exchange the Indian Small Arms System (INSAS) 5.56×45 mm assault rifle.
The Indian Army has a requirement for round 770,000 AK-47 203 rifles, of which 100,000 will likely be imported and the remainder will likely be manufactured in India, Russia’s state-run Sputnik information company stated.
The rifles will likely be manufactured in India as a part of the three way partnership Indo-Russia Rifles Private Limited (IRRPL), established between the Ordnance Factory Board (OFB), the Kalashnikov Concern and Rosoboronexport—the Russian state company for navy exports, it stated.
The OFB would personal a majority stake of 50.5 per cent in IRRPL whereas the Kalashnikov Group would have a 42 per cent share. Russia’s state-owned export company, Rosoboronexport, would personal the remaining 7.5 per cent, the report stated.
The 7.62×39 mm Russian weapon will likely be produced on the Korwa Ordnance Factory in Uttar Pradesh, which was inaugurated by Prime Minister Narendra Modi final yr, the report stated.
The price of per rifle is predicted to be round USD 1,100, together with the price of expertise switch and of establishing the manufacturing unit, in accordance with the report.
The INSAS, which is use since 1996, has developed some points resembling jamming and journal cracking at larger altitudes within the Himalayas, the Sputnik report stated. — PTI