Swedish defence conglomerate SAAB continues to remain optimistic on the India market for its Gripen E fighter jets, with plans to produce it locally under a transfer-of-technology arrangement despite its agreement with the Adani Group to jointly manufacture it no longer being in force. Speaking to reporters ahead of Aero India 2023, where the company plans to showcase a full-scale …
A senior official of the Swedish defence company SAAB on Wednesday called the 74% Foreign Direct Investment in defence “a very attractive model” but sought clarity if the Strategic Partnership model of the Defence Procurement Procedure comes under it. The company proposed to set up an Indian Aircraft Company, if Gripen fighter jet is selected by the Indian Air Force …
