India, Russia finalise AK 47 203 rifles deal Sources.

New Delhi: The Indian Army has a requirement for around 770,000 AK-47 203 rifles, of which 100,000 will be imported and the rest will be manufactured in India, Russian state-run Sputnik news agency said.

India and Russia have finalized a major deal for manufacturing AK-47 203 rifles in India during Defence Minister Rajnath Singhs ongoing visit here, the official Russian media reported on Thursday.

The AK-47 203 is the latest and most advanced version of the AK-47 rifle, which will replace the Indian Small Arms System (INSAS) 5.56×45 mm assault rifle.

The Indian Army has a requirement for around 770,000 AK-47 203 rifles, of which 100,000 will be imported and the rest will be manufactured in India, Russian state-run Sputnik news agency said.

The rifles will be manufactured in India as part of the joint venture Indo-Russia Rifles Private Limited (IRRPL), established between the Ordnance Factory Board (OFB), the Kalashnikov Concern and Rosoboronexport — the Russian state agency for military exports, it said.


The OFB would own a majority stake of 50.5 percent in IRRPL while the Kalashnikov Group would have a 42 percent share. Russian state-owned export agency, Rosoboronexport, would own the remaining 7.5 percent, the report said.

The 7.62?39 mm Russian weapon will be produced at the Korwa Ordnance Factory in Uttar Pradesh, which was inaugurated by Prime Minister Narendra Modi last year, the report said.

The cost per rifle is expected to be around USD 1,100, including the cost of technology transfer and of setting up the manufacturing unit, according to the report.


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The INSAS, which is used since 1996, has developed some issues such as jamming and magazine cracking at higher altitudes in the Himalayas, the Sputnik report said. PTI AKJ



**Disclaimer-This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.



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