Make in India is taking off. Prime Minister Narendra Modi is likely to inaugurate a new factory in Korwa, near Amethi, in Uttar Pradesh, on February 28 for the manufacture of Russian designed AK-47/203 rifles in India.
The plant will initially manufacture 7.47 lakh rifles for the Armed forces and then, for the Central police forces. Eventually, perhaps 2 million (or 20 lakh) rifles will be manufactured here.
The Defence Ministry’s proposal is already before the Cabinet Committee on Security (CCS) headed by the Prime Minister and is likely to be cleared very shortly.
A joint venture involving the Indian authorities and Kalashnikov, the manufacturers of the world’s most popular assault rifle, is likely in about a week. Read More