SAAB-Adani announces partnership for single engine jet fighter

India Infoline News Service | Mumbai | September 02, 2017 13:05 IST

Swedish defence firm SAAB and Adani Group have tied up for the development and manufacture of Gripen fighter jets and other high-tech products in India, reported a leading business daily.

Swedish defence firm SAAB and Adani Group have tied up for the development and manufacture of Gripen fighter jets and other high-tech products in India, reported a leading business daily.
 
Adani Group chairman Gautam Adani said that a roadmap of self-reliance and indigenisation has been created in collaboration with SAAB. Besides ensuring transfer of technology, there will also be focus on capabilities critical for true indigenisation, including design, system integration, maintenance and upgrade for Gripen in India, said Adani. 
 
Commenting on the development, SAAB CEO Håkan Buskhe said that they have tied up with Adani Enterprises due to shared values and shared commitments, adding that the defence project has a long-term objective. He also noted that building a new fighter is similar to high-tech projects in the energy sector. SAAB Group is a Swedish aerospace and defence company, founded in 1937.
 
Adani Enterprises ended Friday’s trade at Rs 136.45 per share, up by Rs 3.50 or 2.63% on the BSE. 

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