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Tag: FDI

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India Clears Saab as First Foreign Firm to Fully Own Local Arms Plant

The Indian government has approved Saab’s 100 percent foreign direct investment to manufacture the Carl-Gustaf recoilless rifle in India, marking the first wholly owned foreign venture in the country’s defense sector. In its statement Thursday about the approval, Saab said the shoulder weapon will be manufactured in partnership with Indian sub-suppliers and fully compliant with...