Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
June 19, Tuesday 2018 6:41 AM       

       HEADLINES: Police driver transfered for refusing to do menial jobs                                              Youth found dead                                              Varappuzha custody death: Bail for RTF officers                                              MLA K Kunjiraman hospitalized                                              Expert panel will probe construction of check dams:Pinarayi                                              Minister hospitalised on day seven of strike                                              Four Assam rifles jawans killed in Nagaland                                              Delhi HC asks who authorised Kejriwal's sit-in at LG's office                                              Three killed, 100 injured in Japan earthquake                                              Iran's president to visit Switzerland, Austria amid nuclear deal row                                              Messi regrets missing penalty against Iceland                                              Kaumudi Facebook
       BUSINESS Next Article: LPG price hiked by Rs. 7 per cylinder, ATF by 4%  
       Saab, Adani join hands for defence manufacturing
 
         Posted on :18:52:37 Sep 1, 2017
   
A A
       Last edited on:18:52:37 Sep 1, 2017
         Tags: Saab, Adani join hands for defence manufactur
 

NEW DELHI: Swedish defence giant Saab and Indian conglomerate Adani group Friday announced a collaboration in defence manufacturing entailing billions of dollars of investment, mainly eyeing a contract for single- engine fighter jets for the Indian Air Force.

Announcing the deal, the two companies said the project would encompass design, development and production of Gripen jets for India in line with the Make in India initiative.

The government is set to procure a fleet of single-engine fighters for the IAF and US defence firm Lockheed Martin will be a major competitor for Saab for the deal.

The CEO and President of Saab, Hakan Buskhe, said the partnership is aimed at producing single engine fighter jets and other defence products for India under the country's recently unveiled "strategic partnership" model.

"Our plans in India are to create a new defence eco- system that would involve many partners, vendors and suppliers. To achieve this, we need a strong Indian partner who can help create the framework for the infrastructure and eco-system to come into place," Buskhe said at a press conference.

Chairman of Adani Group Gautam Adani said his company's tie-up with Saab is in sync with its plan to get into high- tech defence manufacturing.

"In continuation of our vision of nation building, we are keen to play an instrumental role in helping transform India into a destination for world class high-tech defence manufacturing," he said.

He said the partnership is aimed at producing Gripen jets and many other products.

"Our various collaborations in aerospace and defence sectors will help establish new production lines in India, generate employment and build sustainable skills," he said.

Asked why Saab chose to partner with Adani group, which does not have much experience in the aerospace sector, Buskhe said it is one of the top-most firms in India and has performed impressively in several key sectors.

The companies said the collaboration would include projects, programmes and sharing of technologies of national importance with India.

"The parties plan to develop the relationship into a structure of joint ventures in India for execution of the programmes, including the single engine fighter programme," they said.

Saab said it is also looking at supplying the Indian Navy a version of Gripen with advanced features to take off from aircraft carriers.

Saab had offered Gripen for the Medium Multi-Role Combat Aircraft deal which was eventually awarded to French Dassaults Rafale.

Asked whether technology transfer would be difficult as Gripen jet engine has components developed by US defence majors, particularly under Donald Trump's presidency, Bushke said there should not be any problem over it.

The two companies said the collaboration will combine the technical and product excellence of Saab, along with the industrial engineering, system integration and mega project execution capabilities of Adani with the intention to manufacture defence systems locally in India.

"Saab and Adani will explore how to cooperate to develop a wider aerospace and defence ecosystem in India," they said.

A A
       BUSINESS
Next Article: LPG price hiked by Rs. 7 per cylinder, ATF by 4%
 
 
BUSINESS HEADLINES
WhatsApp Payments to be rolled out soon: here is how it's different from competition  
Ayushman Bharat: Only half the states ready to launch scheme on August 15; UP Bihar & West Bengal not prepared yet  
Audi boss arrested over diesel scandal  
India, US officials to meet soon to discuss concerns of both sides: Prabhu  
Rupee dives to 3-week low at 68.01 on macro-liquidity shocks  
Gold rises on mild demand, silver surges for 8th session  
AFT directs govt to remove anomaly in HRA  
Grand Finale of Smart India Hackathon from June 18-22  
GST refund drive extended till June 16  
Ind-Swift Laboratories raises Rs 424.5 crore via NCDs  
RBI needs more powers to oversee PSB: Guv to panel  
RBI Guv appears before Par panel; assures steps to strengthen banking system  
India decision to increase tariff on apples to hit US growers, say Congressmen  
Snapdeal launches special store for Father's Day Gifting  
RBI releases June '18 issue of monthly bulletin  
'Trying to complete bullet train project by 2022'  
Moily honoured with 'special award' by Chennai-based NGO  
Assocham for implementation of guidelines on direct selling by states  
SBI expects Rs 30,000cr recovery from resolution under IBC  
Google will not develop AI for use in weapons: Pichai  
Economic growth may cross 8% in next 2 yrs: Prabhu  
RBI policy seems positive for growth revival: FICCI  
Bajaj Finance Limited offers health insurance on no cost EMI  
RBI gives big relief to MSME sector  
Growth indicators suggest economic revival: RBI  
 
Do you think electric bus will be a success in Kerala?
Yes
 
No
 
No opinion
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy