Bharat Forge subsidiary, Rolls-Royce Marine sign MoU for naval propulsion systems
Bharat Forge said that its fully-owned subsidiary Kalyani Strategic Systems Limited (KSSL) has entered into a memorandum of understanding (MoU) with Rolls-Royce Marine North America 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.
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 Indian Navy.
Baba Kalyani — Bharat Forge Chairman and Managing Director said: “In line with the AatmaNirbhar Bharat 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.
“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.”