UAE-headquartered global aerospace and technology company Paramount announced at DSEI 2023 on 14 September that it is broadening its development and manufacturing partnership with India’s Bharat Forge Ltd (BFL) and its subsidiary, Kalyani Strategic Systems, to produce a wider range of armoured vehicles in India for Paramount’s global customers.
The existing industrial partnership between Paramount, BFL and Kalyani Strategic Systems has to date resulted in the successful development and production of large volumes of locally made KM4 armoured vehicles for the Indian Army.
The KM4 is a mine-protected, high-mobility armoured personnel carrier (APC) that is a licence-made version of Paramount’s Mbombe 4 APC.
The companies are now looking to leverage their relationship to develop and manufacture a wider range of armoured vehicles for Paramount’s global customers in step with Paramount’s continued global expansion and production strategy.
Paramount Global CEO Steve Griessel was quoted by the company as stating, “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 of BFL’s defence portfilio, stated, “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 industrialisation 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.”
Peter Felstead
