Almost 34 years after the Bofors scandal hit India and Sweden, the Scandinavian country is looking to revive the past ties as the country’s defense industry looks to tap into the world’s largest military spender-India. Leading this initiative is Saab — Sweden’s largest weapons manufacturer that is offering Make in India, tech transfer and partnership with local companies.
“Saab is looking at the Indian Industry as our potential partner in product development for the world market. Our plans in India are based not just on selling products but on creating a defense eco-system, which would involve hundreds of Tier-1, 2 and 3 partners, vendors and suppliers”, said Jan Widerstrom, Chairman SAAB India in an email to ET.
“Saab would incubate partnerships between its global supply chain and Indian suppliers, besides fostering R&D partnerships for next-generation platform, system and sub-system design and development across the industry,”Widerstrom said. Read More