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On today’s India Visit by Vladimir Putin, India and Russia will be agreeing to a 5,100 Cr deal for making AK-203 within the country.
The Russian president scheduled handing over the S-400 air defense system to PM Narendra Modi, as a symbol of the deal.
The assault rifle will be produced in Amethi, Uttar Pradesh. The report says the goal is to manufacture 5 lakhs of rifles in seven years.
The discussion also included a conversation about the Igla air defense deal system. The deal is not signed during this trip. The discussion of the deal has been a long-term discussion for a few years. The pending issue to be resolved is the transfer of technology between the countries.
India will be acquiring 7.5 lakh rifles from which the first 70,000 rifles will have Russian-made components; the transfer of technology will take place slowly. According to the leading news agencies, these will be delivered to the army in 32 months from the beginning of the production.