Swedish defense products company Saab will set up a plant in India to manufacture its Carl-Gustaf M4 weapon system.
Production will begin in 2024, senior vice president Gorgen Johansson told reporters at a news conference.
Johansson declined to provide details about the company’s investment in the facility.
The Carl-Gustaf M4 is a recoilless rifle ordered by the Indian Armed Forces.
The new facility will support components as well as its production for users of the system around the world, the company said in a statement.
“We have not done this in any other country”, Johansson said.
Since the conflict in Ukraine, interest has grown in weapons systems that can be used against tanks.
“More countries will seek anti-tank capabilities going forward,” Johansson said.
Earlier this year, Saab said it would boost capacity to meet growing demand.
Russia’s invasion of Ukraine, which Moscow calls a “special military operation”, has prompted several countries, including Saab’s domestic market Sweden, to increase defense budgets. ,Reuters
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