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:
Source: The Hindu
Weekly Current Affairs One-Liners Current Affairs 2026 plays a very important role in competitive examinations…
Uttar Pradesh is the most populous state in India and also has the highest number…
Hindi is one of the most spoken languages in the world and plays an important…
On 13th Indian Government announced that the Lieutenant General Dhiraj Seth as the next Chief…
National News Mumbai International Film Festival 2026 to Showcase 346 Films from 46 Countries The…
The 2026 FIFA World Cup was kicked off on 11th of June, 2026. This edition…