Saab Ready To Produce High-Tech Jets In India

Saab, the Swedish defence giant, has expressed interests in setting up a state-of-the-art fighter jet factory in India.

Saab India Chairperson Jan Widerstrom recently said that they were ready to strike a lucrative deal with India on the basis of which the Swedish company will supply hundreds of military jets to the South Asian powerhouse. Although Widerstrom refused to share their plan to increase its presence in India, defence experts are of the opinion that Saab made the fresh offer in order to outplay its American competitor Lockheed Martin, which was also ready to supply around 250 single-engine combat planes to the Indian Air Force.

The senior Saab India official hinted that the proposed factory would manufacture 'Gripen E' fighter jets for India and other countries, stressing: "It is an unrivalled offer that will set new standards in aeronautical engineering...