NATO-Member Candidate Sweden’s Saab to Start Anti-Tank Weapon Production in India

Swedish aerospace and defense company Saab’s Senior Vice President Johansson said the company was preparing to set up a production facility for its Carl-Gustaf M4 anti-tank weapons in India, as the defense major looks to boost production on the back of growing demand. Johansson said during a news conference that the facility would start production in 2024, but he did not reveal the amount of investment the company is looking to make in the facility.

The Carl-Gustaf M4 is a recoilless anti-tank weapon which has been ordered by the Indian armed forces.

The new facility will support its production as well as components for users of the system around the world, the company said in a statement.

Johansson underlined that Saab hasn’t done that in any other country.

India, the biggest buyer of Russian arms in the world, has been looking to diversify supplies and expand its defense manufacturing capacity in recent years.

From around 10 billion rupees ($122.62 million) of defense exports some eight years ago, India is now exporting more than 130 billion rupees of military equipment.

“We have set a target of 1.75 trillion of defence production by 2025, which includes export of 350 billion,” Indian Defense Minister Singh said.

Since Russia’s February invasion of Ukraine, there has been a growing interest in Carl-Gustaf anti-tank weapon system.

“More countries will seek anti-tank capabilities going forward,” Johansson said.

Saab said earlier this year that it was planning to ramp up capacity to meet growing demand.

Russia’s invasion of Ukraine has prompted many countries, including Saab’s home market Sweden, to boost defense budgets.

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