With Swedish Aerospace giant SAAB’s JAS 39 Gripen frontrunners for India’s massive fighter jets deal, the firm while labelling the 74% Foreign Direct Investment (FDI) in defence “a very attractive model”, has sought clarity on Strategy Partnership Model.
First adopted by the Indian government under the Make in India initiative, the Strategy Partnership Model is aimed at increasing the participation of domestic private firms and foreign firms in the country’s defence manufacturing sector.
Following the successful acquisition of 36 French Dassault Rafales under the Medium Multi-Role Combat Aircraft (MMRCA) contract, the Indian Air Force (IAF) has proposed the new MMRCA 2.0 for the procurement of 114 additional fighter jets in a bid to bolster its air fleet.
If the Gripen fighter jet is selected for the contract, SAAB had proposed to set up an Indian Aircraft Company (INAC) with Head of the company’s India Campaign, Mats Palmberg, suggesting that the Original Equipment Manufacturers (OEM) control the set up in order to “take responsibility and meet customer expectations”.
According to Eva Soderstrom, who is the Head of Industrial Cooperation, SAAB had offered India the latest Gripen-E along with its twin-seater variant, the Gripen-F, which is currently under development.