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India approves 100% foreign direct investment for Saab manufacturing facility

The Indian government has approved 100% foreign direct investment (FDI) for Swedish defence company Saab to set up a new manufacturing facility in India, Mats Palmberg, chairman and managing director of Saab India, told on 8 November. Janes .

Saab Bags India s First 100% FDI in Defence Project

India has cleared the first 100% foreign direct investment (FDI) in the defence sector, with permissions granted to Swedens Saab to set up a new facility that will manufacture rockets.

fdi: Sweden s Saab bags India s first 100% FDI in defence project

Sources said the FDI proposal, valued at under ₹500 crore, was cleared last month. India currently allows up to 74% FDI in the defence sector under the automatic route. Beyond that, clearances can be obtained on a case-by-case basis. While clearance rules were relaxed in 2015, no foreign company had, until now, been able to get permission for 100% FDI in defence.

SAAB to offer Gripen-E in response to IAF s RFP in MRFA tender – Indian Defence Research Wing

SAAB to offer Gripen-E in response to IAF s RFP in MRFA tender – Indian Defence Research Wing
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