India and Russia share a very unique and close relationship. These bonds of friendship are rooted in history, shared trust, and mutually beneficial cooperation and have been strengthened further by the formation of M/s Indo- Russian Rifles Private limited under a Joint Venture (JV). Indo- Russian Rifles Private Limited was incorporated in the year 2019 under an Inter-Governmental Agreement (IGA) between India and Russia for the manufacture of AK-203 assault rifles for the Indian Armed Forces. The manufacturing unit of the JV is situated in Korwa, Amethi District (Uttar Pradesh). This will also give enlargement to MSMEs in Uttar Pradesh Defence Corridor and thereby realise the goal of Atmanirbhar Bharat as envisioned by the Hon’ble Prime Minister. All in all, it can be stated with justifiable pride that the JV will produce a state-of-the-art assault rifle completely in India. This will provide the optimum firepower to our soldiers and spur the Indian industry into the Research and Development of small arms and manufacture of all parts/assemblies/components of the entire family of small arms.
