Ministry of Defence has signed a contract with the Indo-Russia Rifles Pvt. Ltd., which is a Joint Venture between India and Russia for the indigenous production of over 6 Lakh AK-203 Assault Rifles at Korwa, in Uttar Pradesh. The Contract was signed following the talks between defence delegations of India and Russia in New Delhi this morning.<br />''<br />''The Indian side was led by Defence Minister Rajnath Singh while General Sergey Shoigu headed the Russian side. The contract envisages complete transfer of technology to IRRPL by Kalashnikov in manufacturing  of first 70,000 weapons.<br />''<br />''The rest 5.31 lakh weapons will be completely indigenous realizing the Government's vision of Make in India and expanding defence exports. The entire lot of 6.01 lakh rifles will be produced in 10 years.<br />''<br />''<br />''<span style="color: #222222;">The Inter-Governmental Agreement signed between India and Russia in February 2018 paved the way for overcoming the capability gap in the sphere of Assault Rifles by making Kalashnikov series of rifles in India.</span><br />