Paramount, a leading global aerospace and technology company headquartered in the UAE, has announced a significant expansion of its partnership with Indian industrial giants, Bharat Forge Ltd and Kalyani Strategic Systems. This collaboration aims to bolster the production and development of a broader range of armoured vehicles in India, intended for Paramount’s global clientele.
The ongoing partnership between Paramount and India’s Bharat Forge Ltd, along with its subsidiary Kalyani Strategic Systems, has already yielded substantial success, particularly in the creation of the indigenously-produced KM4 armoured vehicles for the Indian Army.
Unveiled at the Defence and Security Equipment International Conference (DSEI 2023) in London, this initiative seeks to harness the robust industrial capabilities and engineering prowess of Kalyani Strategic Systems. The goal is to manufacture armoured vehicles that meet the global demand, aligning with Paramount’s strategy for worldwide expansion and increased production capacity.
Steve Griessel, Paramount Global CEO, remarked, “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, added, “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 take this successful partnership to further greater heights, supporting the ability of Paramount to serve its global customers.
DSEI 2023 is recognized as the most significant and largest iteration of the show in its 24-year history, and this year addresses the theme of ‘Achieving an Integrated Force’ – showcasing the impetus behind integration across the five operational domains of Air, Cyber, Electromagnetic Activities (CEMA), Land, Sea, and Space.