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

Sumit Arora Published On January 7th, 2020 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, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.