Saab teams up with Adani group to build fighter jets in India: Report
Swedish aerospace and defense company is likely to announce its tie up with Adani Group to bid for a contract to make single engine fighter jets in India.
An aerospace consultant told Reuters about the tie up, saying that the partnership will be announced on Friday.
Saab will compete with US defence giant Lockheed Martin to equip the Indian military with 100 single-engine jets to be produced locally under Prime Minister Narendra Modi's "Make-in-India" initiative.
Ratan Shrivastava, the independent New-Delhi-based consultant and adviser at India's industry lobby group FICCI said, ''The Saab-Adani partnership is aimed at producing planes under India's new "strategic partnership" policy.''
Report said that Saab president and chief executive Hakan Buskhe will host a media event in New Delhi on Friday.
Lockheed has already picked India's Tata Advanced Systems as its local partner to produce its F-16 fighter planes.
However, the Government of India is set to issue a formal request to Lockheed and Saab to provide information about their plans to design, develop and produce combat jets in India, a government official said.