NEW DELHI -- India on Monday signed a 51-billion-rupee ($681 million) deal with Russia to jointly produce AK-203 assault rifles in the country, in a sign of deepening defense ties between the two nations.
Agreement signed on sidelines of Modi-Putin summit and 2-plus-2 talks

The summit between Russian President Vladimir Putin, left, and Indian Prime Minister Narendra Modi may see the start of Indian production of Russian AK-203 assault rifles. (Nikkei montage/AP/Gettty Images)
NEW DELHI -- India on Monday signed a 51-billion-rupee ($681 million) deal with Russia to jointly produce AK-203 assault rifles in the country, in a sign of deepening defense ties between the two nations.