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.

Further, Saab will be partnering with Indian sub-suppliers and the systems manufactured at the facility will fully meet the requirements of “Make in India”.

To be noted that 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.