So is this program even in development? Russia offers two variants of the tracked Kurganets-25 platform as well as the Boomerang. Both Kurganets-25 variants have an active protection system, which from my understanding is not present on any other APC/IFV. Things like this are usually very costly but because Russia plans on making thousands of these vehicles that have commonality the price will be reduced and things like active protection can be had. Cost wise it would make sense for India to opt for either Boomerang or the Kurganets because Russia is already placing orders. The problem with some Indian platforms is that they use a lot of foreign parts which is a pain, with a Russian platform, there is only one suppliers to deal with.
In the mean time when is India intending to induct either their own or foreign APCs? The future can be a long ways away.