Sweden's Saab Ties Up With Adani To Bid For Fighter Jet Deal

The Saab-Adani partnership is aimed at producing planes under India's new "strategic partnership" policy, Ratan Shrivastava, an independent New-Delhi-based consultant and adviser at India's industry lobby group FICCI has said.

 Share
EMAIL
PRINT
COMMENTS
Sweden's Saab Ties Up With Adani To Bid For Fighter Jet Deal

Saab-Adani partnership is aimed at producing planes under India's new "strategic partnership" policy


New Delhi:  Sweden's Saab is tying up with the Adani Group to bid for defence deals in India, with a focus on the Gripen fighter jet aircraft, its chief executive Hakan Buskhe told reporters in New Delhi on Friday.

The partnership will compete with US defence giant Lockheed Martin in a two horse-race to win a potential order from India's military for single-engine jets that will be produced locally under Prime Minister Narendra Modi's "Make-in-India" initiative.

The Saab-Adani partnership is aimed at producing planes under India's new "strategic partnership" policy, Ratan Shrivastava, an independent New-Delhi-based consultant and adviser at India's industry lobby group FICCI has said.

Under the defence partnership policy, a foreign aircraft maker will collaborate with an Indian firm to develop a world-class indigenous aeronautical base that India has struggled to build for decades. Lockheed has already picked India's Tata Advanced Systems as its local partner to produce its F-16 fighter planes that will compete with Saab's Gripen aircraft.

The government will issue a formal request to Lockheed and Saab over the next few days to provide information about their plans to design, develop and produce combat jets in India, a government official had told Reuters earlier this week.

The Indian Air Force needs hundreds of aircraft to replace its Soviet-era fleet; PM Modi wants the planes built in India to help boost the domestic industrial base and cut imports.

Adani is a $12 billion group with businesses ranging from energy and logistics to real estate and defence.
 
© Thomson Reuters 2017


Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.

NDTV Beeps - your daily newsletter

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................