Bharat Forge subsidiary, Rolls-Royce Marine sign MoU for naval propulsion systems

TAGS

Bharat Forge said that its fully-owned subsidiary Kalyani Strategic Systems Limited (KSSL) has entered into a memorandum of understanding (MoU) with for developing naval propulsion systems for the Indian market.

As per the terms of the agreement, Kalyani Strategic Systems will cooperate with Rolls-Royce Marine North America in the areas of development and design, licensed manufacturing, sales and pre-sales support, installation, commissioning, testing, aftermarket support and services for propeller systems.

See also  Realty Income to purchase 185 properties from CMFT for $894m

This will enable the development of an ecosystem of the local supply chain within India for pitch propellers and shafting systems in accordance with the requirements of the .

— Bharat Forge Chairman and Managing Director said: “In line with the mission, the Indian Defence Industry is at the cusp of a major transformation. We at Bharat Forge Ltd., are taking significant strides to indigenize critical systems and sub-systems for the Armed Forces.

See also  Tata Motors increases prices of passenger vehicles by 0.8%

“This strategic collaboration with Rolls Royce, a legacy player in the naval ecosystem having a strong portfolio of technologically advanced products and offerings, is aimed at indigenously developing niche naval propulsion technologies and products for the Indian Navy.”

CATEGORIES
TAGS
Share This