“Paramount Expands Global Armoured Vehicle Production with Innovative India-Based Manufacturing Hub for Export”
Paramount, the premier worldwide aerospace and technology firm based in the UAE, proclaimed an expansion of its development and manufacturing alliance with Indian industrial giant, Bharat Forge Ltd and Kalyani Strategic Systems, to fabricate a broader assortment of armoured vehicles in India for Paramount’s international clientele.
The current industrial collaboration between Paramount and India-centric engineering and technology powerhouse Bharat Forge Ltd, along with its subsidiary Kalyani Strategic Systems, has thus far culminated in the successful design and production of significant quantities of the domestically manufactured KM4 armoured vehicles for the Indian Army.
Announced at the London-hosted Defence and Security Equipment International Conference (DSEI 2023), the organizations aim to harness the robust industrial competencies and engineering prowess of Kalyani Strategic Systems to engineer and produce armoured vehicles for Paramount’s global clientele, in alignment with Paramount’s ongoing worldwide expansion and production strategy.
Paramount Global CEO Steve Griessel remarked, “The global armoured vehicle market is witnessing a significant transformation, and amidst this fluid environment, our collaboration with Kalyani Strategic Systems has become increasingly pivotal. We are eager to expand our alliance to encompass the development and manufacturing of 4×4 and 6×6 Infantry Combat Vehicles for customers worldwide. Our partnership is flourishing and gaining momentum.”
Neelesh Tungar, President – Defence, Bharat Forge Ltd, stated, “We at Kalyani Strategic Systems have made considerable progress in advancing and scaling our production of top-tier defence platforms and dependable specialty vehicle platforms, backed by our profound technical and industrial development expertise. This ongoing and strengthening partnership with Paramount reinforces the notion that the world acknowledges India’s readiness to be ‘the manufacturing hub’ for the global defence sector. We are committed to elevating this successful partnership to new heights, assisting Paramount in serving its global customers.”
DSEI 2023 is celebrated as the most important and expansive edition of the event in its 24-year history, and this year focuses on the theme of ‘Achieving an Integrated Force’ – highlighting the momentum behind integration across the five operational domains of Air, Cyber, Electromagnetic Activities (CEMA), Land, Sea, and Space.
