Regarding Ghatak, there is a first hand review by our forum moderator Kunal Biswas, who confirmed that it is a 1B1 in a AK skin.
Unexpected at best, Again... :) Was preparing to visit my friends at Delhi, When one of ours Senior member From DFI informed about a defense exhibition was going on at Delhi :cool3:, Though it was not a priority but I visited the exhibition, Where I spotted OFB stall and a black rifle, It has a...
defenceforumindia.com
There isn't any negative reviews about it from the state forces, though it can be said that TAR has better finish and a more compact design, but reduced range (300 vs 400 m) compared to Ghatak. Ghatak is more similar to an AKM with stamped receiver, while TAR is more close to Bulgarian AR-M5.
If you have any source claiming negative operational experience with Ghatak please do share here.
Also, AK 203 if produced in bulk, the price won't come down, because for each rifle the russians are demanding 200$ royalty. They won't allow OFB to sell it at a price, which is lesser than their own selling price.
Regarding Galil ACE, it is a pimped up version of the old Galil which was based on AK platform. The Israelis themselves have rejected Galil a long time back. Rather, than wasting money on this, any pimped up INSAS MK1C variant (in 7.62*39 mm caliber) will be much better option. Also, due to the negative import list, if the AK203 deal is formally cancelled, it will be an indigenous rifle, be it from ghatak, TAR, INSAS variant, SSS Defence etc. No other foreign rifle be imported except for may be a small number for special forces.