The Indo-Russian plan to make assault rifles in Amethi has missed another key milestone over differences in pricing and the travel ban imposed due to the Covid-19 pandemic, making it highly unlikely for the factory to start operations this year.
As per the plan, the OFB-Kalashnikov joint venture (JV) was to arrive at a fair price for setting up and producing almost seven lakh rifles by May-end. This decision was crucial as official plans were in place to commence work at the factory by this year-end. Read More…
