NEW DELHI: With Russian President Vladimir Putin expected to visit India next month, Defence Ministry on Tuesday gave its final clearance to over Rs 5,000 crore deal with Russia to manufacture 7.5 lakh AK-203 assault rifles in Uttar Pradesh’s Amethi. The AK-203 assault rifles deal, which may be signed during the visit, was cleared by the defence acquisition council meeting on Tuesday, defence sources said. The Russian-designed AK-203 will be made in a factory in Amethi. The deal had been agreed upon between the two sides a few years ago and now the last major issue would be resolving the issues on the transfer of technology, they said.
Meanwhile, the Defence Acquisition Council (DAC) has accorded Acceptance of Necessity (AoN) for one Capital Acquisition proposal of the Indian Air Force for its modernization and operational needs amounting to Rs 2,236 crore under the category of ‘Make in India’, the Ministry of Defence informed.
A meeting of DAC was held today under the Chairmanship of Defence Minister Rajnath Singh.
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