Russian weapons manufacturer Kalashnikov plans to start producing AK-203 assault rifles in India this year and hopes to attract more audiences with high-tech shotguns.

Kalashnikov is named after the designer of the AK-47 assault rifle, which has been used in wars all over the world for decades. Kalashnikov was received by the United States in 2014. After the EU sanctions on Russia’s annexation of Crimea, it has been seeking new businesses and markets.

In an interview with Reuters, Tarasov said that the company’s goal is to increase its annual revenue by 60% by 2025 to more than 50 billion rubles (approximately 49 billion rupees).

Ultima gun has a built-in computer, which can realize WiFi and Bluetooth connection, and can be synchronized with a smart phone. It aims to attract young customers, such as electronics enthusiasts.

India is also at the core of Kalashnikov’s growth plan. India plans to produce 670,000 AK-203 rifles together with the Indian Ministry of Defense in the next ten years.

He said: “We hope that this year our joint venture in India can start producing AK-203 rifles. I think this is a long-term trend, so there will be other examples soon.”

Kalashnikov launched the authorized production of the AK-130 assault rifle in Armenia last year. Tarasov, 37, expressed his desire to deepen cooperation with Latin America, which has good relations with Venezuela.

He said: “We know that there is active demand in this market,” but declined to provide more details.

High-tech shotgun

Kalashnikov sells weapons to 27 countries and produces 95% of Russia’s small arms. However, sanctions imposed by the United States in 2014 prohibit US entities from doing business with Kalashnikov.

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The AK-203 is an advanced version of the AK-47 invented by Soviet soldier Mikhail Kalashnikov after he was injured in World War II.

Ultima is a new joint venture of the company. The state-owned enterprise group Rostec owns 25% of the shares plus one share. Former Deputy Transport Minister Alan Lushnikov (Alan Lushnikov), through a company called TKH-Invest, owns 75% of the shares minus one share.

Tarasov said: “With Ultima, we want to attract new customers who are usually not our target audience.” “Our target customers are customers who want to gain momentum or adrenaline. Entering the niche market of the semi-gaming market may be an option. .”

He said that drones are also “a very important business.” Some of them take off like helicopters and fly like gliders with cameras.

Kalashnikov also believes that the market prospects for torches, knives and other branded products are broad.

Thomson Reuters 2021 ©

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