Swedish defence giant Saab and Indian conglomerate Adani group have announced a collaboration in defence manufacturing entailing billions of dollars of investment, mainly eyeing a contract for single-engine fighter jets for the Indian Air Force.
Announcing the deal in New Delhi , the two companies said the project will encompass design, development and production of Gripen jets for India in line with the Make in India initiative.
The CEO and President of Saab, Hakan Buskhe, said the partnership is aimed at producing single engine fighter jets and other defence products for India under the country’s recently unveiled strategic partnership model. He said, Saab plans to set up a world-class design and manufacturing facility for Gripen jets in India and it would like to export the aircraft to various markets globally if the Indian government allows it to do so.