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Context: Swedish defence major SAAB announced plans to manufacture its Carl-Gustaf M4 weapon system in India.

Details:

• The manufacturing would be done by a new fully SAAB-owned subsidiary, Saab FFV India Pvt. Ltd. This is the first time, SAAB will be setting up a manufacturing facility for this outside Sweden.
• The technology will be transferred to India. The first product will roll out in 2024.
• The Army has been using the iconic Carl-Gustaf since 1976 and currently operates the Mk2 and Mk3 versions.

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