India and Russia sign four defence deals including joint production of over six lakh AK-203 assault rifles
India and Russia today signed an agreement for joint production of over six lakh AK-203 assault rifles at a manufacturing facility in Uttar Pradesh’s Amethi besides firming up another pact on military cooperation for 10 years.
The rifles will be manufactured for the Indian armed forces at a cost of around ₹ 5000 crore.
The agreements were signed at the 20th meeting of the India-Russia Inter-Governmental Commission on Military and Military-Technical Cooperation (IRIGC-M&MTC).
The meeting, co-chaired by Defence Minister Rajnath Singh and his Russian counterpart Gen Sergey Shoigu, also discussed ways to further boost strategic cooperation including ramping up of joint production of military equipment.
It may be noted that Russian President Vladimir Putin is in New Delhi today to attend the 21st annual India-Russia summit.