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Sweden’s defense product company Saab will make weapons in India. According to a report, Saab will set up a manufacturing unit in India for this, where the Carl-Gustaf M4 Weapon System will be made.
A top official informed the news agency Reuters about that Saab wants to increase its production rapidly in the coming time. In this direction, they have decided to start his work in India. This company will manufacture the Carl-Gustaf M4 Weapon System in India. This company has already been providing weapons to the Indian Army, but its production will also be started in India itself.
Saab’s Senior Vice President Gorgen Johansson told reporters in a news conference that the company that started in India will start its production in 2024. However, Johansson did not give details about how much money Saab will invest in making the weapon system in India. Saab has not yet disclosed the place where the arms manufacturing company will be opened in India.
A report in Hindustan Times on the same subject said, Saab’s new company Saab FFV India will make the latest rocket launchers for the armed forces in India. Along with this, a component system will also be made for other countries of the world. The new manufacturing unit to be built in India will be the first outside Sweden where the Carl-Gustaf A4 Weapon System will be manufactured. According to the report, Saab is in talks with the army on this issue so that the proposal can be taken forward.
The Modi government has taken many steps in the recent years so that India can become self-reliant in the defense sector. For this, new policies have been made for defense procurement. The old policies have been eased so that FDI increases rapidly in this sector and domestic companies can also participate in manufacturing.
Earlier FDI in the defense sector was 49 per cent, which was increased by the government to 74 per cent. With this, the government notified 310 weapons and systems which cannot be imported. The government has made a separate budget provision for locally made military hardware.
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