Brief by Shorts91 Newsdesk / 05:55pm on 04 Mar 2024,Monday Defence
Saab, a Sweden-based company, gains 100% FDI approval to manufacture the Carl Gustaf M4 rocket system in India. The recoilless multi-role rocket system, extensively used by the Indian Army since 1976, will be produced in Haryana's Jhajjar under Saab FFVO India Private Limited. The move marks a significant step towards self-reliance in defence manufacturing. The M4 variant, a game-changer in urban combat, can switch between anti-tank and anti-personnel roles. Saab pledges to meet "Make in India" requirements, emphasizing bilateral cooperation between Sweden and India.
