GS Paper - 2 (International Relations)

The government of India, in a boost for self-reliance in the defence manufacturing sector in the country, has approved the plan to produce over five lakh AK-203 assault rifles at Korwa, Amethi. The deal is worth Rs 5,124 crore. The project will likely be implemented by a special purpose Joint Venture called Indo-Russian Rifles Private Ltd (IRRPL).

What

  1. It has been created with erstwhile OFB [now Advanced Weapons and Equipment India Limited (AWEIL) and Munitions India Limited (MIL) of India and Rosoboronexport (RoE) and concern Kalashnikov of Russia.
  2. India's Defence Minister and Russian Defence Minister signed agreements through Indo-Russia Rifles Pvt Ltd, Program for military-technical cooperation from 2021-2031.
  3. Protocol on amending agreement on cooperation in the field of Kalashnikov series small arms manufacturing dated 18 February 2019 was also a part of the agreement.
  4. This deal comes at a time when India is aggressively emphasising on 'Make in India', especially in the defence manufacturing sector.
  5. It reflects the ever-increasing paradigm shift in defence acquisition from 'buy' (global) to Make in India.
  6. This project will likely provide business opportunities to various MSMEs and other defence industries for the supply of raw materials and components.