As assault rifle deal awaits conclusion, localisation plan awaits progress
The Hindu
Indigenisation crucial part of pact as part of Make in India efforts
As the deal for the manufacture of over six lakh AK-203 assault rifles in India awaits formal conclusion at the India-Russia summit on December 6, the localisation plan to be concluded between Advanced Weapons & Equipment India Ltd. (AWEIL) and the Joint Venture, Indo-Russian Rifles Private Limited (IRRPL), is pending, according to official sources.
Following the corporatisation of the Ordnance Factory Board (OFB) and formation of seven Defence Public Sector Undertakings (DPSUs), the Indian partner in the Joint Venture IRRPL has been changed to AWEIL, one of the seven DPSUs.
The draft contract for localisation was to be shared by AWEIL by November 15 but has been delayed, it is learnt.
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