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India-Russia to sign MoUs on AK-203 assault rifles

Sumit Arora Last updated on January 7th, 2020 11:09 am Leave a comment

The Indian Army is to sign a Memorandum of Understanding (MoU) for the procurement of over 7.5 lakh AK-203 assault rifles with Russia. The rifles will be manufactured by the Indo-Russian Rifles Private Limited (IRRPL) at Korwa in Uttar Pradesh.

The facility is being set up between the Ordnance Factories Board (OFB) from the Indian side, and Rosoboron Exports and Kalashnikov on the Russian side. The OFB owns 50.5% equity and Russian side holds the remaining 49.5%. The Army has been looking to replace the indigenous INSAS (Indian National Small Arms System) rifles in use with a modern rifle.

Important takeaways for all competitive exams:

President of Russia: Vladimir Putin; Capital: Moscow; Currency: Russian Ruble.

Source: The Hindu

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Sumit Arora

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As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.