Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
February 24, Saturday 2018 3:17 PM       

       HEADLINES: Two including army man dies as tipper rams on to two bikes                                              There’s no discrepancy in postponing Madhu’s post-mortem: K K Shylaja                                              Forest officials helped in lynching Madhu: Madhu’s family                                              Madhu’s post-mortem begins under heavy protection                                              Govt fails, violence against minorities increased: National Commission for Minorities                                              PNB fraud: Govt moves NCLT to attach properties of Nirav Modi, Choksi                                              Modi to launch Amma Two-wheeler Scheme in Chennai                                              PNB fraud case: ‘Very tough to clear dues or pay salaries’, Choksi writes to employees                                              Burqa-clad women playing board game at Mecca's mosque spark controversy                                              Canada flew celebrity chef to India at taxpayer expense for Trudeau                                              Indian women eye a rare double series win against SA                                              ISL: Chennaiyin to take on resurgent Blasters in crucial tie                                              Strandja Boxing Tournament: Mary Kom advances to semis                                              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
RBI introduces Ombudsman Scheme for NBFCs  
Nest to offer 30 pct discount to Airbnb 'Superhosts'  
Sensex surges 200 pts, Nifty above 10,400-level  
Centre to crackdown on erring auditors  
Revised India-Kenya Double Taxation Avoidance Agreement notified  
Sensex slips 144 points ahead of F&O expiry  
EPFO cuts interest rate to 8.55 pct for 2017-18  
Aviva India launches digital platform to nurture child's inherent talent  
Milkbasket to hire 2,000 employees  
AI launches non-stop New Delhi-Amritsar-Birmingham flight  
Lakme Fashion Week, WeWork kickstart fashion Incubation program  
Finway Capital empowers borrowers with easy access to funds  
Rajesh Kakkar is offshore director of ONGC  
Glitches in GSTN remain cause of concern  
Post bank scams, Sensex tanks 462.10pts  
'Maharashtra has great business potential'  
Sensex drops 195 pts, Nifty below 10,400  
Reliance to invest 60,000 cr in Maharashtra  
Retailers accused of levying GST over MRP  
Citizens urge reduction of GST on sanitary napkins  
India, Iran sign double taxation pact  
Refer to these fintech startups for range of medical loans  
SBI launches Global NRI Center to enhance customer experience  
Nifty drops 93 points, ends below 10,500  
Will ask visually challenged to examine new notes: HC  
 
Do you think police had role in Madhu's death?
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