"We have decided not to pursue the arrangement with the Adanis," said Mats Palmberg, chairman and managing director of Saab India, at a media interaction in New Delhi on Monday.
Saab and Adani Group had announced their partnership on August 31, 2017. The agreement between the two would come into effect if Saab were selected as the foreign partner, to supply the Gripen E fighter.
Saab is one of seven global aerospace giants that are competing in the tender, estimated to be worth over *60,00070,000 crore for 114 medium multirole fighter aircraft for the Indian Air Force (IAF).
This story is from the January 17, 2023 edition of Business Standard.
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This story is from the January 17, 2023 edition of Business Standard.
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