Saab India

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

Swedish defense giant Saab has offered to build a state-of-the-art fighter jet factory in India should it seal a lucrative deal to supply hundreds of military jets to New Delhi.

Saab and its U.S. competitor Lockheed Martin have emerged as the frontrunners to supply around 250 single-engine combat planes to India's air force which wants to revamp its Soviet-era military hardware.

Jan Widerstrom, the Chairman and Managing Director of Saab India, believes that the Swedish aerospace major will be able to make India the net exporter of fighter jets in the coming years.