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SOURCE: API

According to “business-standard.com,” Swedish Aerospace Major Saab has dropped Adani Group as its local partner, with whom it had planned to locally manufacture Gripen-E if the Indian Air Force awarded it the tender for 114 Multi-Role Fighter Aircraft (MRFA) (IAF).

Saab India has not announced any other partner yet but is keen on have joint-owner ship of local manufacturing unit where it has a 74% majority stake if approved by the Indian Ministry of Defence (MoD).

In 2017, Saab and Adani Group, an Indian infrastructure conglomerate, announced plans to locally manufacture the Gripen-E for the now-cancelled single-engine fighter aircraft programme. If the Swedish defence major wins the over $15 billion combat jets order from the Indian Air Force, it will seek a partnership with Indian state-run Hindustan Aeronautics Limited (HAL) as one of the project’s multiple partners.

The company has also offered to establish an industrial base and ecosystem in India in order to build 85 percent of the 114-aircraft requirement through technology transfer, as required by the April 2018 Request for Information.