Vladimir Putin’s Visit: The long-pending ‘AK-203’ Kalashnikov rifle purchase agreement between India and Russia may be signed as part of the ‘Make in India’ initiative during the visit of Russian President Vladimir Putin to India next month. People aware of the developments related to this gave this information on Tuesday.
President Putin is going to visit India next month to hold summit talks with Prime Minister Narendra Modi. Sources said that in the meeting of ‘Defence Acquisition Council’ (DAC) chaired by Defense Minister Rajnath Singh, key points of the joint venture of rifles were discussed and it has been learned that there will be obstacles in this agreement. has been removed.
Five thousand crore deal
Under this deal worth about five thousand crore rupees, the India and Russia joint venture will manufacture more than six lakh ‘AK 203’ rifles within 10 years at a production unit in Amethi district of Uttar Pradesh. The contentious issues, including the price, have been resolved, sources said. Both sides had given in-principle approval to the agreement on Singh’s visit to Moscow last year. The joint venture is also expected to explore the possibility of exporting AK 203 Kalashnikov rifles. Putin is likely to visit India on 6 December for the summit with PM Modi.
Technology transfer is a big issue
It is believed that the last major issue in this deal is technology transfer, which has not been resolved yet. Of the 7.5 lakh rifles to be received by the Indian Army, the first 70,000 will be imported from Russia, as the transfer of technology is gradual. These will be given to the army after 32 months from the start of the production process.
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