"We produce an average of 300 assault rifles per day and will probably increase this figure to 600 assault rifles per day," the former Indian Army officer said.
"We have decided that the entire process of technology transfer and manufacturing in India will be done in five stages, depending on the percentage of technology being transferred," Sharma said. "In stage one, we have only 5% of the components made in India. In stage two, 15% of the components, in stage three, 30% of the components, in stage four, 70% of the components, and in stage five, 100% of the components of the rifle will be made in India."
"We are currently in the process of preparing the next 20,000 rifles with Indian components at the second stage level," he highlighted. "We intend to deliver them to the Indian Army by December 2024."
"I expect to complete 100% localisation by December 2025. Today, the technologies are already being used in India," Sharma pointed out. "Last month, we received the last batch of technological documentation from Russia. Mastering technologies takes time."