(MENAFN) According to a corporation executive, the Swedish corporation Saab plans to erect a new factory in India to manufacture shoulder-fired anti-tank weapons for use by more than a dozen other countries as well as the armed forces of New Delhi.
Gorgen Johansson, senior vice president of Saab, revealed the intentions on Tuesday. He claimed the business is going to build a new facility in India, at an unidentified site, to create its Carl-Gustaf M4 weapons system, with plans to start production sometime in 2024.
“It is a natural step to set up a production facility for Carl-Gustaf M4 in India given the long and close association we have with the Indian Army as one of the foremost users of the system,” he informed journalists in New Delhi, noting that Saab could “contribute to the government of India’s goals of developing a world class defense industry.”
According to Johansson, the plant is going to create the adaptable shoulder-fired weapon for customers in 15 other nations in addition to India's military, “we haven't done this in any other country.”
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