Paramount, Bharat forge extend armoured vehicle manufacturing partnership
Paramount, the UAE-based global aerospace and technology leader, is expanding its development and manufacturing collaboration with Indian industrial powerhouse, Bharat Forge Ltd, and its subsidiary Kalyani Strategic Systems. The expansion aims to produce a wider variety of armoured vehicles in India to meet the demands of Paramount’s international clientele. Announced at the DSEI 2023 conference in London, the partnership builds upon the large-scale production of the KM4 armoured vehicles for the Indian Army, which have been manufactured as a part of their existing collaboration.
Leaders Speak on the Strengthened Partnership
Paramount Global CEO Steve Griessel stated, “The global armoured vehicle market is undergoing a monumental shift and within such a dynamic environment, our partnership with Kalyani Strategic Systems has become ever more strategic. We are excited to broaden our partnership to include the development and production of 4×4 and 6×6 Infantry Combat Vehicles for customers around the world. We are very proud that our partnership is growing from strength to strength.”
Neelesh Tungar, President – Defence, Bharat Forge Ltd, expressed, “We at Kalyani Strategic Systems have come a long way in developing and scaling-up our manufacturing of world-class defence platforms and reliable specialist vehicle platforms with our deep technical and industrialization expertise. This continuing and growing partnership with Paramount substantiates the fact that the world considers India being ready to be ‘the manufacturing capital’ for the global defence industry. We are committed to taking this successful partnership to further greater heights, supporting the ability of Paramount to serve its global customers.”
Insights from DSEI 2023 and Future Strategy
The collaboration was announced at the Defence and Security Equipment International Conference (DSEI 2023), known for being the most significant iteration of the defense show in its 24-year history. This year’s theme focused on ‘Achieving an Integrated Force,’ showcasing technologies across operational domains like Air, Cyber, Electromagnetic Activities (CEMA), Land, Sea, and Space. The partnership between Paramount and Bharat Forge aligns with Paramount’s ongoing global expansion and production strategy, especially in the realm of armoured vehicles.
Looking Ahead: What This Means for Global Armoured Vehicle Supply
The extended partnership aims to capitalize on the strong industrial capabilities and engineering excellence of Kalyani Strategic Systems, as well as Bharat Forge. The collaboration is expected to substantially enhance the availability and variety of armoured vehicles for global defense markets. The move is part of a broader strategy that positions India as an emerging “manufacturing capital” for the global defense industry, bolstering the capabilities of both Paramount and its Indian partners to serve a rapidly evolving global market.