Saab in Hunt for India Partner to Help Modi Overhaul Forces
- Move follows Modi administration’s move to ease FDI in defense
- Saab expects to sell about 450 Gripen jets over next 20 years
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Sweden’s Saab AB will join Lockheed Martin Corp. and Boeing Co. in the search for local partners to help build its fighter jets, as competition increases for a slice of India’s planned $150 billion military modernization.
While certain parts of the Gripen E planes will be built in factories fully owned by Saab, other components will be manufactured jointly, said Jan Widerstrom, chairman of Saab India Technologies Pvt. The Adani Group could be among companies being considered, the Economic Times reported in May, without saying where it got the information.