Submarines, AK 203 rifles - Two major projects to get Make in India push
Coronavirus crisis is paving way for India emerging out as the next manufacturing powerhouse. Initiatives like ‘Make in India’ and ‘Local for Vocal’ are giving fillip to domestic manufacturing. As per news reports, the Indian government is pushing for two major Make in India projects — six conventional submarines for Navy, and AK 203 rifles factory to start in the next few months.
The awaited tender for 114 fighter jets could, however, take time, according to sources in the defence establishment. The procurement of these six diesel-electric submarines also features in the negative import list.
The India-Russia joint project for the manufacture of the AK 203 rifles is the other project that is likely to get a push. This could be firmed up before the expected summit between Prime Minister Narendra Modi and Russian President Vladimir Putin in October, as per reports.
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