Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
February 19, Monday 2018 1:46 AM       

       HEADLINES: Shuhaib murder: Two CPM activists surrender                                              Are those surrendered the real culprits, asks K Sudhakaran                                              Antibiotics and infection prevention- all you need to know                                              We’ve not appointed anyone to take part in channel discussions: Kodiyeri                                              If you don’t come to field, you wouldn’t get paid: Kodiyeri                                              After PNB, City Union Bank hit by fraud                                              Kamal meets Rajini ahead of political tour                                              Democracy is BJP's core value: Modi                                              Giant replica of moon unveiled in Kolkata                                              Passenger plane carrying 66 people crashes in southern Iran                                              Iran greatest threat to world: Netanyahu                                              Russian church shooting leaves 4 dead                                              ISL: Kerala Blasters pips North East United 1-0                                              J'burg T20I: India look to extend dominance against Proteas                                              J'burg WT20I: SA win toss, ask Indian eves to bat first                                              J'burg T20: Bhuvi's fiver seals victory for India                                              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
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  
US dollar ends higher against rupee  
Controversial Economist predicts that India could dethrone western wealth and power  
TCS launches Enterprise Data Lake on Amazon Web  
Budget 2018: Arun Jaitley's education reforms pave way for quality education  
Sensex rises over 200 points, Nifty near 10600  
Sensex extends rally, rises 173 pts on positive macro data  
PM woos investors at Oman-India business meeting  
No change in foodgrain prices  
Punjab National Bank detects $1.77 billion worth of fraudulent transactions, CBI probe ordered  
Chorus of dissent against budget grows: Chidambaram  
TCS among top three employers in N America 2018  
RBI rolls out new stressed assets framework to tackle bad loan problem  
Sensex recovers 260 points, Nifty above 10,500-mark  
15 months after note ban, RBI still processing returned notes  
Union Budget has failed people of India: Chidambaram  
SBI reports Rs. 2,416 cr loss in Q3  
India Post Payments Bank to enable digital payment by April  
 
Do you think Kerala govt is a failure in mantaining law and order in the State?
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