Defence and security company Saab has broken ground on its new Carl-Gustaf weapons manufacturing facility in the Indian state of Haryana.
Following the approval of 100% foreign direct investment, Saab has established Saab FFVO India, a new company that fully owns the upcoming manufacturing facility.
The facility is being built in MET City within Jhajjar and will produce the Carl-Gustaf M4 weapon system.
Since 1976, the Indian Army has used the Carl-Gustaf system as its primary shoulder-launched weapon.
Saab Dynamics senior vice-president and head Görgen Johansson said: “I am proud to start constructing our first facility outside Sweden for Carl-Gustaf, a product that has a long history with the Indian Armed Forces.
“We look forward to starting production of our excellent product, now engineered and made in India.”
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By GlobalDataSwedish State Secretary for Foreign Trade Håkan Jevrell added: “This 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.”
Saab plans to integrate the latest sighting technology and carbon fibre winding processes to produce the Carl-Gustaf M4.
The company aims to collaborate with Indian suppliers to meet the ‘Make in India’ requirements for systems manufactured.
Meanwhile, the company entered into a contract with the Polish Ministry of Defence’s procurement authority for supplying the Carl-Gustaf M4 weapon, along with ammunition and training equipment.
This contract is valued at Skr12.9bn ($1.24bn) and spans from 2024 to 2027.
