India and Russia signed a Rs 51 billion contract on Monday for the joint manufacturing of over 500,000 AK-203 assault rifles at a factory in Uttar Pradesh's Amethi region. A bilateral meeting between defence minister Rajnath Singh and his Russian colleague Sergey Shoigu sealed the agreement. According to authorities, the two nations also extended their military-technical cooperation agreement for the years 2021-31. 

India and Russia signed a Rs 51 billion contract on Monday for the joint manufacturing of over 500,000 AK-203 assault rifles at a factory in Uttar Pradesh's Amethi region. A bilateral meeting between defence minister Rajnath Singh and his Russian colleague Sergey Shoigu sealed the agreement. According to authorities, the two nations also extended their military-technical cooperation agreement for the years 2021-31.