Swedish defense firm Saab and Indian conglomerate Adani Group, which announced a collaboration to manufacture the Gripen E fighter in India in August 2017, announced that the agreement was no longer proceeding. Mats Palmberg, chairman and managing director of Saab India told that they have decided not to pursue the arrangement with the Adanis. The business daily reported that the defense ministry is considering original equipment manufacturers’ responses on the issue. Then, it is likely to draw up an acceptance of necessity and then issue a request for proposal. Industry sources…
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