Swedish defence major Saab on Monday started construction on its new manufacturing facility in India for its iconic Carl-Gustaf M4 weapons with a formal groundbreaking ceremony. The facility is being built in the State of Haryana at MET City at Jhajjar in Haryana. The State has a strong industrial base of good potential partners and skilled employees, the company said.
“Today is an important milestone for Sweden and India. Saab’s factory will be the first foreign fully-owned defence production facility in India. It is a testament to the strong bilateral relationship between our countries,” says Håkan Jevrell, State Secretary for Foreign Trade, Sweden.
After receiving approval of 100% foreign direct investment, Saab has established a new company, Saab FFVO India Pvt Ltd, which will fully own the new manufacturing facility and produce the Carl-Gustaf M4 weapon, the company said.
