AK 203 deal: Initial batch of 70,000 rifles delivered to armed forces by Russia

The armed forces have received the first batch of 70,000 rifles from Russia as part of a larger contract to manufacture the AK 203 assault rifles in India. The initial batch has been delivered at a fast pace as requested by India, despite the Covid-19 pandemic.

Sources said that the first batch is likely to be used by the air force, while the rifles to be manufactured at the Amethi factory will be delivered to the army, which is the main customer with a requirement of over 600,000 AK 203s.

The rifles are being manufactured with a complete technology transfer clause that will also enable their exports to friendly foreign nations in the near future. The manufacturing will be done by the Indo Russian Rifles Private Limited Joint Venture between Advanced Weapons and Equipment India Ltd (erstwhile OFB) and Russian Rosoboronexport.

The ‘5,124-crore deal was signed between India and Russia in December-the biggest defence deal between the two nations in recent time. The Russian side has given an assurance that the manufacturing with technology transfer will start within two to three years, with technical teams being sent to assist Indian partners.

The Korwa Rifle Factory in Amethi is being upgraded with a modern production line where the latest version of the Kalashnikov rifles are to be manufactured. A small arms range has also been set up at the factory where the acceptance trials can also be conducted by the armed forces before taking delivery.

(Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here

Related Posts
The granddaughter is to pay for her grandmother's housing debt.  Extraordinary complaint of the Commissioner for Human Rights thumbnail

The granddaughter is to pay for her grandmother's housing debt. Extraordinary complaint of the Commissioner for Human Rights

2022-01-03 19:10publikacja2022-01-03 19:10fot. Halfpoint / / ShutterstockSąd wydał nakaz zapłaty za dług mieszkaniowy nie tylko wobec babci i jej córki, ale także wnuczek, które w momencie powstania długu były dziećmi. Tylko dorośli ponoszą solidarną odpowiedzialność za opłaty - przypomniał RPO, składając w sprawie skargę nadzwyczajną. "Wykładnia przepisów nie może prowadzić do obciążenia osoby małoletniej odpowiedzialnością finansową…
Read More
With a minimum wage soon in the second income tax bracket? thumbnail

With a minimum wage soon in the second income tax bracket?

Čas branja: 3 min 02.01.2022  16:24 Ob nespremenjenih davčnih okvirjih se obdavčitev dela z rastjo plač ves čas zvišuje, s tem pa se oddaljujemo od priporočil OECD o razbremenitvi dela in višji obdavčitvi premoženja. Celotni članek je na voljo le naročnikom. Najboljše karierne priložnosti doma in v tujini ter veliko uporabnih kadrovskih nasvetov. Omogočite si…
Read More
Over 853 million euros have already been collected for the reconstruction of Notre Dame.  Details of the reconstruction have not yet been released thumbnail

Over 853 million euros have already been collected for the reconstruction of Notre Dame. Details of the reconstruction have not yet been released

2022-01-01 09:32publikacja2022-01-01 09:32fot. David Cordova / / ZUMA PressFundacja zbierająca datki na odbudowę katedry Notre Dame zabrała do tej pory ponad 853 mln euro od darczyńców z całego świata. Opinia publiczna nadal nie zna jednak szczegółów projektu odbudowy zaproponowanego przez Diecezję Paryża. Odbudową zewnętrza katedry zgodnie z oryginałem: dachu i iglicy Viollet-le-Duc zajmuje się instytucja publiczna…
Read More
Within a day of 5G launch, US airlines say technology could cause 'catastrophic' outages thumbnail

Within a day of 5G launch, US airlines say technology could cause 'catastrophic' outages

Uma associação comercial que representa as principais companhias aéreas dos EUA pediu ao secretário de Transportes, Pete Buttigieg, e aos principais reguladores de comunicação e aviação do país para impedir que operadoras de telefonia móvel implementem serviços 5G perto de aeroportos.A Airlines for America alertou em uma carta nesta segunda-feira (17) que o público pode…
Read More
New online service tracks action on high-risk towers thumbnail

New online service tracks action on high-risk towers

The new service is intended to help track progress of remediation works in the wake of the Grenfell fireThe new service will allow leaseholders to track applications to the Building Safety Fund. The government said that the online portal will expose building owners who are failing to take action to fix their properties. Under the…
Read More
Latino Business Owners Can Now Mark Their Google Profiles in New Partnership thumbnail

Latino Business Owners Can Now Mark Their Google Profiles in New Partnership

In a new partnership with the United States Hispanic Chamber of Commerce, Google will unveil a new Latino-owned attribute in Search, Maps, and Shopping. This will help identify them to customers that want to patronize businesses owned by Latinos.Latino Attributes in Google Search, Maps, and ShoppingWhether it is your heritage, gender, or any other identifying…
Read More
Index Of News
Consider making some contribution to keep us going. We are donation based team who works to bring the best content to the readers. Every donation matters.
Donate Now

Subscription Form

Liking our Index Of News so far? Would you like to subscribe to receive news updates daily?

Total
0
Share