Nov 13, 2023
Saab approved for 100% ownership of Carl-Gustaf manufacturing facility in India
Saab has secured approval from Indian authorities for 100% Foreign Direct Investment (FDI) for manufacturing the shoulder launched Carl-Gustaf® weapon system in India.
This is a milestone in Saab’s progress towards the establishment of a new manufacturing facility in India which will produce the latest generation of the Carl-Gustaf shoulder-launched weapon. Saab will be partnering with Indian sub-suppliers and the systems manufactured at the facility will fully meet the requirements of “Make in India”.
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“It is a great honour to be trusted as a global defence company to receive approval for 100% foreign direct investment in India. This underlines our strong commitment to Make in India and our excellent collaboration with the Indian Defence Forces”, says Görgen Johansson, head of Saab’s business area Dynamics.
Saab’s Carl-Gustaf system has been in service with the Indian Army since 1976 and is established as the main shoulder launched weapon in the Indian Armed Forces.