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Paramount Group and partner Bharat Forge to make armoured vehicles in India The aerospace and technology company will contribute technology used to manufacture defence vehicles in India BL PREMIUM 09 March 2021 - 11:42 Alistair Anderson Paramount Group, Africa’s largest private arms group, and India-based engineering and technology conglomerate, Bharat Forge have announced a co-operation agreement that will see them use joint technologies and expertise to manufacture armoured vehicles in India. The agreement was signed by both companies during the International Defence Expo 2021 held in Abu Dhabi in February. BL Premium This article is reserved for our subscribers. A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily. ....
Govt clears defence acquisition proposals worth ₹13,700 crore The approvals include the acquisition of 118 Arjun Mk-1A main battle tanks (AFP) Share Via Read Full Story India’s Defence Acquisition Council (DAC) headed by defence minister Rajnath Singh on Tuesday approved arms purchases worth ₹13,700 crore as the government continues steps to modernize the military. “All these acquisition proposals will be indigenously designed, developed and manufactured. These will include inter-alia platforms and systems designed and developed by Defence Research and Development Organisation (DRDO), according to a government statement. TRENDING STORIESSee All 1 min read 2 min read . 06:07 AM IST Mumbai: Night curfew imposed from today as city reports biggest single-day spike. Check list of restrictions here ....
Bharat Forge receives order worth Rs 178 crore from Indian Army SECTIONS Last Updated: Feb 23, 2021, 01:26 PM IST Share Synopsis The Kalyani M4 is a multi-role platform, designed to meet the specific requirements of armed forces for quick mobility in rough terrain and in areas affected by mine and improvised explosive devices (IED) threats. Agencies Bharat Forge on Tuesday said it has received an order worth Rs 177.95 crore from the Ministry of Defence for supply of Kalyani M4 vehicles. The company has received the order from the Indian Army for protected vehicles under emergency procurement, Bharat Forge said in a regulatory filing. ....
"This collaboration brings together the manufacturing and technology excellence of two leading companies, which have matching synergies and complementary capabilities," Bharat Forge Deputy Managing Director Amit Kalyani said. ....