Sweden's Saad ties up with Adani to build fighter aircrafts in India

Sweden's Saab will tie up with India’s Adani Group to bid contract to make new fighter aircrafts in India, said Hakan Buskhe, chief executive of the Swedish company on Friday. 

The Swedish company is offering its Gripen fighter says it needs to replace Soviet-era fleet. 

Saab and Lockheed have both offered to build a single-engine aircraft in India to comply with Prime Minister Narendra Modi’s signature program ‘Make-in-India’ initiative.

Buskhe talking to reporters said that the company would invest ‘billions of dollars’ if it won the order.

He added that the company is prepared to export the Gripen from India if the government allowed it to do so. 

Adani and Saab are yet to decide on the location for the manufacturing unit.

Lockheed Martin has also proposed to manufacture F-16s in India for export.