Bharat Forge signs MoU with South African aerospace firm Paramount Group
Bharat Forge has entered into a memorandum of understanding (MoU) with South Africa-based aerospace and technology company Paramount Group at Aero India 2023 in Bengaluru.
The MoU is for developing and producing composite rotor blades, mission systems, and stores management systems for medium lift helicopters, said the Indian forging company.
It was signed by Bharat Forge Aerospace CEO Guru Biswal and Paramount Group SVP Clifford Dewell.
Bharat Forge signs MoU with South African aerospace firm Paramount Group
Guru Biswal said: “This MoU with M/S Paramount is a testimony of our commitment to work for an “Atmanirbhar Bharat”, to create technologies that are niche and shall support Indian and Global requirements. This collaboration will focus on creating the ‘Centre of Excellence’ for design, development and manufacture of Composite Rotor Blades, Mission Systems and Stores Management systems for Rotary Wing platforms, in India.
“This design and manufacturing hub shall support all future programs for both India and across the globe.”
Bharat Forge and Paramount Group had previously partnered for manufacturing the Kalyani M4 armoured vehicles in India.