"The new joint venture will manufacture world famous Kalashnikov assault rifles of the newest 200 series and eventually will reach full localisation of production.
"Thus, the Indian defence-industrial sector will have the opportunity to fulfil the needs of national security agencies in this category of small arms, resting upon advanced Russian technologies," Putin said in his message.
He said military and technical cooperation has traditionally been one of the key areas of the special and privileged strategic partnership between Russia and India.
"For more than seven decades, we have been supplying reliable and high-quality armaments and equipment to Indian friends. Around 170 military and industrial facilities have been set up in India with assistance from our country," Putin said.
It was during his official visit to India last October that Putin and Modi reached an agreement on producing Kalashnikov rifles in India.
The inter-governmental agreement was prepared and signed in the shortest possible time. "In this regard, I would like to express gratitude to Russian and Indian specialists, to all those who so promptly made this project happen," the Russian president said.
Putin said he is convinced that commissioning of the new enterprise will contribute to stronger defence potential of India and to further advance the scientific and industrial basis of the national economy.
It will be instrumental in terms of creating new jobs for a qualified work force and will provide an impetus to professional education and personnel training, he said.
"The plant itself will become another symbol of friendship and constructive cooperation between our two countries," he said in his message read out by the defence minister.
This story has been published from a wire agency feed without modifications to the text.
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