India, Russia close to inking multi-billion agreement for AK-103 assault rifles

India and Russia are finalising an Inter-Governmental Agreement (IGA) for a multi-billion deal to locally manufacture AK-103 assault rifles. According to the arrangement with Russia, a Kalashnikov factory will be set up in India in collaboration with the OFB (Ordnance Factories Board). It would cater to the forces for hinterland and counter-insurgency operations. The Indian… Continue reading India, Russia close to inking multi-billion agreement for AK-103 assault rifles