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Paramount partners with Bharat Forge Ltd and Kalyani Strategic Systems, to produce a broader range of armoured vehicles for Paramount's global customers

Sep 15, 2023

By: BlinkX Research Team

To produce a broader range of armoured vehicles for Paramount's global customers, an aerospace and technology company with its headquarters in the UAE called Paramount announced on Thursday that it was expanding its development and manufacturing partnership with an Indian industrial conglomerate called Bharat Forge Ltd. and Kalyani Strategic Systems.

Up until this point, the existing business partnership between Paramount and the Indian engineering and technology conglomerate Bharat Forge Ltd. and its subsidiary, Kalyani Strategic Systems, has successfully led to the development and production of numerous locally produced KM4 armoured vehicles for the Indian Army.

The companies intend to use the robust industrial capabilities and engineering excellence of the Kalyani Strategic Systems to develop and manufacture armoured vehicles for Paramount's global customers, in line with Paramount's ongoing global expansion and production strategy, as announced at the London-based Defence and Security Equipment International Conference (DSEI 2023).

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 4x4 and 6x6 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 take this successful partnership to further greater heights, supporting the ability of Paramount to serve its global customers.

In its 24-year history, DSEI 2023 has been recognized as the most significant and expanding edition of the event. This year's theme, "Achieving an Integrated Force," highlights the motivation behind integration across the five operational domains of Air, Cyber, Electromagnetic Activities (CEMA), Land, Sea, and Space.