Indian MoD has agreed with Russia the details of licensed production of AK-203 rifles in the state of Uttar Pradesh, the Economic Times newspaper reported quoting sources.
It said the deal worth 700 million dollars can be inked in December. It stipulates the production of 600 thousands rifles in ten years. The first batch of 70,000 Kalashnikov rifles will be delivered from Russia within the period of two years and eight months.
India; AK-203 assault rifle to be license produced locally