34 C
Delhi
Tuesday, September 29, 2020

India, Russia finalise a major AK-47 203 rifles deal: report

- Advertisement -

India less affected by global economic slowdown: RajnathMoscow, Sep 3 (PTI) India and Russia have finalised a major deal for manufacturing AK-47 203 rifles in India during Defence Minister Rajnath Singh’s 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, Russia’s state-run Sputnik news agency said.

There was no official confirmation from the Indian government on the finalisation of the deal.

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 per cent in IRRPL while the Kalashnikov Group would have a 42 per cent share. Russia’s state-owned export agency, Rosoboronexport, would own the remaining 7.5 per cent, 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 of 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.

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

India Updates
India Updates is an independent news & Information website. Follow us for regular updates on News and Information.

Follow Us On

Related News

India can now take defence assets on lease

New Delhi, Sep 29 (IANS) India can take defence assets on lease as and when required and operate without owning thereby, substituting huge initial...

ICC gets recognition for two digital initiatives in Leaders in Sports Awards

Dubai, Sep 28 (PTI) The International Cricket Council (ICC) has been recognised for its twin digital initiatives at the prestigious Leaders in Sports Awards...

Played nearly 500 games, can speak to any player says Ganguly

Kolkata, Sep 28 (PTI) His nearly "500 international match experience" gives him the right to speak and guide any player "be it Shreyas Iyer...

Health ministry launches web portal for COVID-19 vaccine updates

New Delhi, Sep 28 (PTI) The Union Health Ministry on Monday launched a web portal that will provide all important information on COVID-19, vaccine...

Dependence of global supply chain on single source exposed: PM Modi

New Delhi, Sep 28 (PTI) The coronavirus pandemic has shown the risk involved in excessive dependence of the global supply chain on any single...

Self-sufficient in defence linked to ‘self-respect’, ‘sovereignty’ of country: Rajnath

New Delhi, Sep 27 (PTI) Defence Minister Rajnath Singh on Saturday said a country that depends on imports for its military equipment can never...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Trending Topics In India

Covid 19 India Updates

Health ministry launches web portal for COVID-19 vaccine updates

New Delhi, Sep 28 (PTI) The Union Health Ministry on Monday launched a web portal that will provide all important information on COVID-19, vaccine...

Health ministry launches web portal for COVID-19 vaccine updates

New Delhi, Sep 28 (PTI) The Union Health Ministry on Monday launched a web portal that will provide all important information on COVID-19, vaccine...

Dependence of global supply chain on single source exposed: PM Modi

New Delhi, Sep 28 (PTI) The coronavirus pandemic has shown the risk involved in excessive dependence of the global supply chain on any single...

Over 3,000 vaccinated against coronavirus in Moscow

Moscow, Sep 28 (IANS) More than 3,000 people in Moscow have been vaccinated against the novel coronavirus, the media has reported."More than 3,000 volunteers...

SC seeks UPSC response for not postponing exams scheduled on Oct 4

New Delhi, Sep 28 (IANS) The Supreme Court on Monday sought response from the UPSC as to why the Civil Services (Preliminary) examinations, scheduled...

Clinical trial of Ayurvedic remedy for Covid-19 shows groundbreaking results

New Delhi, Sep 28 (IANS) A groundbreaking interim report on a clinical trial being conducted in three hospitals has shown that Covid-19 patients on...

Trending News In India

Kohli wins Super Over thriller for RCB, Kishan’s 99 in vain

Dubai, Sep 29 (IANS/GloFans) In yet another roller-coaster contest, Royal Challengers Bangalore (RCB) edged out Mumbai Indians (MI) in a Super Over tie-breaker - the...

New global test will give Covid test results ‘in minutes’

Geneva, Sep 29 (IANS) A test that can diagnose Covid-19 in minutes will dramatically expand the capacity to detect cases in low- and middle-income...

India can now take defence assets on lease

New Delhi, Sep 29 (IANS) India can take defence assets on lease as and when required and operate without owning thereby, substituting huge initial...

Microsoft joins telecommunications industry to roll out 5G, more

San Francisco, Sep 29 (IANS) Microsoft on Monday announced a partnership with the telecommunication industry globally to unlock the power of 5G and bring...

Kohli wins Super Over thriller for RCB, Kishan’s 99 in vain

Dubai, Sep 29 (IANS/GloFans) In yet another roller-coaster contest, Royal Challengers Bangalore (RCB) edged out Mumbai Indians (MI) in a Super Over tie-breaker - the...

Rs 3L cr PLI scheme for 10 sectors to boost domestic manufacturing

By Subhash Narayan, (IANS) In a major push to domestic manufacturing in the country, the government proposes to pump in over Rs 3 lakh...

Trending Showbiz

NCB seizes phones of Deepika, Rakul, Simone, Karishma in drugs case

Mumbai, Sep 26 (IANS) The Narcotics Control Bureau (NCB), which quizzed Bollywood actors Rakul Preet Singh, Deepika Padukone, her former manager Karishma Prakash, and...

NCB quizzes Deepika, Sara, Shraddha in drug case related to SSR death

Mumbai, Sep 26 (IANS) The Narcotics Control Bureau (NCB) on Saturday questioned Bollywood divas Deepika Padukone, Sara Ali Khan, Shraddha Kapoor for several hours...

‘CBI delay in converting abetment to suicide to murder frustrating’

Mumbai, Sep 25 (IANS) Vikas Singh, family lawyer of late actor Sushant Singh Rajput, on Friday stated that the delay being by Central Bureau...

NCB questions Rakul, Deepika’s ex-manager, Dharma Productions honcho

Mumbai, Sep 25 (IANS) The Narcotics Control Bureau (NCB) on Friday is questioning Bollywood actor Rakul Preet Singh, Dharma Productions executive producer Kshitij Ravi...

Famed singer S.P. Balasubrahmanyam succumbs to Covid-19

Chennai, Sep 25 (IANS) Famed playback singer and Padma awardee S.P. Balasubrahmanyam, or popularly SPB or Balu in the movie world and who has...

Trending Sports

Kohli wins Super Over thriller for RCB, Kishan’s 99 in vain

Dubai, Sep 29 (IANS/GloFans) In yet another roller-coaster contest, Royal Challengers Bangalore (RCB) edged out Mumbai Indians (MI) in a Super Over tie-breaker - the...

ICC gets recognition for two digital initiatives in Leaders in Sports Awards

Dubai, Sep 28 (PTI) The International Cricket Council (ICC) has been recognised for its twin digital initiatives at the prestigious Leaders in Sports Awards...

Played nearly 500 games, can speak to any player says Ganguly

Kolkata, Sep 28 (PTI) His nearly "500 international match experience" gives him the right to speak and guide any player "be it Shreyas Iyer...

Went through rigorous physical, mental transformation for 1996 Olympics, says Paes

New Delhi, Sep 28 (IANS) The year was 1996 and no Indian had won an individual medal at the Olympics 44 years prior to...

Sensational Tewatia hits five sixes in an over as RR defeats KXIP

Sharjah, Sep 28 (PTI) Rahul Tewatia struck five sixes in an over at the fag end of the match as Rajasthan Royals recorded the...

Gill stars as clinical KKR thrash SRH by 7 wkts

Abu Dhabi, Sep 27 (IANS/GloFans) Opener Shubhman Gill's unbeaten 70-run knock along with Eoin Morgan's 42 not out guided Kolkata Knight Riders (KKR) to...

Latest Trending News In India

Security at Ladakh is uneasy, ‘no war no peace’ status: IAF chief

New Delhi, Sep 29 (PTI) The present security scenario along our northern frontiers is at an uneasy "no war no peace" status, Chief of...

New global test will give Covid test results ‘in minutes’

Geneva, Sep 29 (IANS) A test that can diagnose Covid-19 in minutes will dramatically expand the capacity to detect cases in low- and middle-income...

India can now take defence assets on lease

New Delhi, Sep 29 (IANS) India can take defence assets on lease as and when required and operate without owning thereby, substituting huge initial...

Microsoft joins telecommunications industry to roll out 5G, more

San Francisco, Sep 29 (IANS) Microsoft on Monday announced a partnership with the telecommunication industry globally to unlock the power of 5G and bring...

Kohli wins Super Over thriller for RCB, Kishan’s 99 in vain

Dubai, Sep 29 (IANS/GloFans) In yet another roller-coaster contest, Royal Challengers Bangalore (RCB) edged out Mumbai Indians (MI) in a Super Over tie-breaker - the...