PM Modi inaugurates Indo-Russian joint venture at Amethi | Doonited.India

May 25, 2019

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PM Modi inaugurates Indo-Russian joint venture at Amethi

PM Modi inaugurates Indo-Russian joint venture at Amethi
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Prime Minister Narendra Modi Sunday inaugurated an Indo-Russian joint venture, under which AK-203 assault rifles will be manufactured at the Korwa Ordnance Factory in Uttar Pradesh’s Amethi district.

The joint venture, called the Indo-Russia Rifles Private Limited, will be led by an Indian CEO from the Ordnance Factory Board (OFB). While the OFB will have a 50.5 per cent stake in the venture, Kalashnikov will have 42 per cent and Rosonboronexport will have 7.5 per cent.

This is positive news for the Indian military, as the Russian rifle, chambered to fire 7.62×39 mm ammunition (same as the AK-47), is expected to meet the requirement for the 6.5 lakh assault rifles that the Indian Army is looking for. This is in addition to the rifles ordered from US manufacturer SIG Sauer in January this year.

The new guns will replace the 5.56×45 mm INSAS (Indian Small Arms System) rifles, which have been in use for over two decades.

The three Services are set to spend at least Rs 12,000 crore as they aim to equip their personnel with modern rifles and light machine guns.

Incidentally, while every Indian soldier carries the INSAS rifle, the Army has a concept of sector stores, under which those operating in Jammu and Kashmir and the Northeast are given AK-47s instead of the INSAS.

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Post source : agency

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