India’s Ishapore rifle factory has successfully designed an assault rifle based on the Russian AK-47.
According to reports, the prototype of this weapon had successfully cleared field trials by the Army, the Indian Air Force and the Sashastra Seema Bal. The Ishapore factory will soon start production of 50,000 units of this rifle in the first phase, The Times of India said in its report.
Known of being sturdy and dependable, the AK-47, developed by Kalashnikov, can fire 600 bullets a minute and is so easy to handle that Soviet schoolchildren were taught to assemble it with their eyes closed.
According to Rosoboronexport, black market sale and development of the AK-47 have been so widespread that over 100 million assault rifles have sold worldwide, half of them are counterfeit.
Kalashnikov has faced an uphill battle, losing an estimated $400 million to $500 million a year from counterfeit AK-47 makers, the gun-maker said earlier this year.
During the cold war, the Soviet Union awarded AK-47 licenses to 18 countries including China, Poland, Romania, Bulgaria, East Germany and Egypt.
Kalashnikovs lack of copyright over the AK-47 assault rifle is so severe that Venezuela is the only country with a fully legitimate license to produce the assault rifle. The counterfeit losses resulting from copyright infringement is so dire that Kalashnikov, manufacturer of the AK-47, is reporting an estimated loss of $50 million from 2013
The first American made Kalashnikov AK-47s are being sold by the former sole official importer of the Russian rifles in US, Russian Weapons Company (RWC). The Pennsylvania based Gun Company (now Kalashnikov USA) made an announcement Tuesday that it has started selling the first American-made Kalashnikov AK-47s, UPI reported
The importer of Russian Kalashnikov rifles in US, RWC, has claimed to start manufacturing the AK-47 guns in the USA, CNN Money reported yesterday. The importing of the AK-47 gun in US was stopped after it imposed sanctions in July against Russia
India and Russia may finally settle on a number of delayed defense deals including the Fifth Generational Fighter Aircraft (FGFA) program during Russian President Vladimir Putins visit to India this December. Putin met with Indian Prime Minister Narendra Modi during the BRICS summit in July where both leaders reportedly agreed that the $30 billion program to build 200 jets should move forward
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