Industry

Russia’s Kalashnikov may make AK-203 rifle in India

Dmitry Tarasov, CEO of Russia's leading weapons manufacturer Kalashnikov, demonstrates the company's innovation, the Ultima hi-tech shotgun, during an interview in an office in Moscow, Russia February 8, 2021. Picture taken February 8, 2021. REUTERS/Maxim Shemetov

Dmitry Tarasov, CEO of Russia's leading weapons manufacturer Kalashnikov, demonstrates the company's innovation, the Ultima hi-tech shotgun, during an interview in an office in Moscow, Russia February 8, 2021. Picture taken February 8, 2021. REUTERS/Maxim Shemetov

Russian arms manufacturer Kalashnikov plans to start making its AK-203 assault rifle in India this year and wants to attract a wider audience with a hi-tech shotgun, chief executive Dmitry Tarasov said.

Named after the designer of the AK-47 assault rifle that has been used for decades in wars around the world, Kalashnikov has been seeking new business and markets after being hit by U.S. and EU sanctions over Russia’s annexation of Crimea in 2014.

It is targeting a 60% increase in annual revenue to more than 50 billion roubles ($675.33 million) by 2025, Tarasov told Reuters. Featuring a built-in computer, the Ultima shotgun envisages Wi-FI and bluetooth connectivity and can synchronise with smartphones.

Also central to Kalashnikov’s growth plans is India, where it aims to produce 6.7 lakh AK-203 rifles in the next decade together with the Indian Defence Ministry.


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Printable version | Jun 30, 2022 10:36:10 pm | https://www.thehindu.com/business/Industry/russias-kalashnikov-may-make-ak-203-rifle-in-india/article33874305.ece