The Prime Minister on Monday dedicated the Indo-Russian Rifle Pvt. Ltd to the nation at a function held in the district of Amethi in Uttar Pradesh. This is a joint venture formed between the Ordnance Factory Board (OFB) on the Indian side and Rosoboron export and Concern Kalashnikov of Russia on the other. Concern Kalashnikov is the manufacturer of the famous AK-47 Rifles.
The joint venture has been formed to manufacture the latest AK-203 series of assault rifles at the Ordnance Factory Project Korwa. India is the first country that will receive the drawings and technological details for the manufacture of this assault rifle.
The joint venture, under the ‘Make in India’ policy will produce 7.5 lakh rifles for Indian armed forces, para military forces and these rifles will progressively be totally indigenised.