New Delhi:The Central government gave its approval to the manufacturing of AK-203 assault rifles in Amethi of Uttar Pradesh, accoding to official sources on Saturday. This rifle, at a cost of Rs 5,000 crore, will be manufactured in Korwal. The government plans to produce more than five lakh AK-203 assault rifles.
The officials said that a formal announcement of this important deal can be expected at the summit between Prime Minister Narendra Modi and Russian President Vladimir Putin that is scheduled for Monday in Delhi. The Cabinet Committee on Security (CCS) headed by Prime Minister Modi has approved this deal, although it was flagged off by the Defence Acquisition Council (DAC) a few days ago. One of the officials also informed that the plan has been approved in an effort to promote self-reliance in defence manufacturing in India. Both Russia and India had given in-principle approval for the deal during Defence Minister Rajnath Singh's visit to Moscow last year.
This deal, according to a source, would be reflective of the major progress that the country has made in the journey from global procurement to Make in India in defence acquisition. This effort will be executed in partnership with Russia and can be considered significant in the deepening partnership between the two countries in the defence sector.
Also read:Manufacturing of over five lakh AK-203 Rifles to start at Amethi , UP