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Russia s Kalashnikov eyes production in India, woos gadget lovers with hi-tech shotgun It is targeting a 60% increase in annual revenues to more than 50 billion roubles ($675.33 million) by 2025 Reuters February 18, 2021 MOSCOW: Russian arms manufacturer Kalashnikov plans to start making its AK-203 assault rifle in India this year and wants to attract a wider audience with a hi-tech shotgun, chief executive Dmitry Tarasov said. Named after the designer of the AK-47 assault rifle that has been used for decades in wars around the world, Kalashnikov has been seeking new business and markets after being hit by US and EU sanctions over Russia’s annexation of Crimea in 2014. ....