September 1, 2017 / 9:36 AM / a year ago

Saab ties up with Adani to bid for fighter jet deal in India

NEW DELHI, Sept 1 (Reuters) - Sweden's Saab is tying up with India's Adani Group to bid for defence deals in India, with a focus on its Gripen fighter jet aircraft, its chief executive Hakan Buskhe told reporters in New Delhi on Friday.

The partnership will compete with U.S. defence giant Lockheed Martin in a two horse-race to win a potential order from India's military for single-engine jets that will be produced locally under Prime Minister Narendra Modi's "Make-in-India" initiative. (Reporting by Aditi Shah; Writing by Tommy Wilkes; Editing by Sanjeev Miglani)

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