Saab sets up Indian subsidiary

Swedish defence firm Saab AB will Oct 1 launch its Indian subsidiary, Saab India Technologies Private Limited, to conduct research in defence, aviation and internal security technologies for this country's security forces, the company said Thursday.
"Saab is strengthening its commitment as a long-term partner to the Indian defence industry, armed forces and national security with its new Indian entity Saab India Technologies Private Limited. The company is a fully owned subsidiary of Saab AB," a company release said.
"Saab has been a supplier to the Indian armed forces for decades. Saab India Technologies is a result of a continuous presence in India together with the defence industry private and public sector as well as research and development organisations," it said.
Saab India Technologies is a wholly owned subsidiary of Saab, which provides world-leading products, services and solutions within the fields of defence, aviation and civil security. Saab offers its complete product range in India for all defence and aviation related business opportunities from underwater, land and aerospace, the release said.
“Our commitment to the security of the Indian society manifests through research and development investments, customised solutions and tailor made offset projects.
"We are intensifying our operations in India with a long-term perspective contributing with technological know-how to the Indian defence industry,” Saab India Technologies chairman Jan Widerstrom said in the release.
“In Saab’s ambition to enable India to develop a strong distinct position with its developing defence industry, the company continues to develop its competence in India with a growing organisation bringing in Swedish experienced personnel and hiring local Indian expertise.
"Saab India Technologies is the preferred employer for all competence and resources under the Saab umbrella," Saab India Technologies managing director Inderjit Sial added.

(Prokerala)