Defence Minister Rajnath Singh Tuesday reviewed the setting up of a factory for the production of AK-203 assault rifles in Uttar Pradesh. According to a statement, it is a joint venture between the Ordnance Factories Board (OFB) of India and Rosonboron Exports and Concern Kalashnikov on the Russian side.
“Defence Minister Rajnath Singh reviewed the operationalisation of newly dedicated joint venture, Indo-Russian Rifles Private Limited (IRRPL), at Korwa in Uttar Pradesh for the production of AK-203 assault rifles in a high-level meeting today,” the statement read.
The joint venture is formed consequent to the Inter-governmental agreement signed between India and Russia in February 2019.
Close coordination and regular interactions are being held with Russian partners for a smooth implementation of the project. Read More