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March 5, 2024

Saab Ventures into Indian Defense Sector with 100% FDI, to Manufacture Cutting-Edge Rocket Launchers

In a groundbreaking move for India’s defense sector, Swedish defense firm Saab announces its plans to manufacture the Carl-Gustaf M4 shoulder-launched weapon system in India with 100% foreign direct investment (FDI). This initiative, under the banner of Saab FFVO India Pvt Ltd, marks a significant milestone in bolstering the nation’s defense capabilities and promoting the ‘Make in India’ initiative.

The new manufacturing facility, set to commence operations in Haryana’s Jhajjar district next year, is Saab’s first venture outside Sweden for the production of the Carl-Gustaf M4 weapon system. This move underscores Saab’s commitment to catering to the Indian armed forces’ needs while also serving as a hub for global exports of the advanced rocket launchers.

Gorgen Johansson, Senior Vice President of Saab’s business area dynamics, expressed pride in the endeavor, emphasizing the long-standing association of the Carl-Gustaf system with the Indian armed forces. The Carl-Gustaf, a trusted asset of the Indian Army since 1976, has undergone various iterations, with the M4 variant being the latest innovation to be manufactured in India.

The ceremony for the groundbreaking of the facility witnessed the presence of dignitaries from both Sweden and India, highlighting the bilateral cooperation between the two nations. Hakan Jevrell, State Secretary for Foreign Trade, Sweden, hailed the establishment of Saab’s fully-owned defense production unit in India as a testament to the robust ties shared between the two countries.

Spanning 3.6 acres at the Reliance MET City near Jhajjar, the facility is poised to leverage advanced technologies in manufacturing, including cutting-edge sighting technology and carbon fiber winding techniques. Saab affirms its commitment to fulfilling the ‘Make in India’ requirements, with plans to collaborate extensively with Indian suppliers.

The Carl-Gustaf M4 system, renowned for its versatility and firepower, boasts several enhancements over its predecessors, including a lighter build, improved sighting systems, and enhanced ballistic capabilities. With a firing range of up to 1,500 meters, the M4 system is equipped to handle various types of ammunition, including anti-armor rounds and illumination projectiles.

Saab’s collaboration with Indian entities, such as Munitions India Limited (MIL) and Advanced Weapons and Equipment India Limited (AWEIL), further reinforces its commitment to fostering indigenous defense manufacturing capabilities. Together, these endeavors pave the way for a stronger, self-reliant defense ecosystem in India, while positioning the nation as a key player in the global defense arena.

Rajan Shukla

Rajan Shukla

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