The deadlock over starting the Amethi rifle factory to manufacture 6.7 lakh AK 203 assault rifles is likely to be resolved, with the defence ministry stepping in by setting up a costing committee to take the project forward.
The price bid for the ₹4,300-crore project has been submitted and the committee has been given two months to reach an agreeable price for the project. As reported by ET, the project has been stalled for over a year as Russian partner Kalashnikov and the Indian Ordnance Factory Board (OFB) could not present a reasonable pricing plan. Read More…
