Saab scraps fighter jet agreement with Adani
Business Standard|January 17, 2023
Swedish aerospace and defence company, Saab, which had entered into a partnership with Adani Group to manufacture the Gripen E fighter in India, said on Monday that it was no longer going ahead with that agreement.
AJAI SHUKLA
Saab scraps fighter jet agreement with Adani

"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).

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