Global aerospace and technology company, Paramount and India-based Engineering & Technology conglomerate, Bharat Forge Ltd have announced a Memorandum of Understanding (MoU) for the development and production of composite rotor blades, mission systems and stores management systems for medium lift helicopters.
Commenting on the new agreement and the expansion of the partnership agreement between the two companies, Mr. Guru Biswal, CEO-Aerospace Division, Bharat Forge said: “This MoU with Paramount is a testimony of our commitment to work for an ‘Atmanirbhar Bharat’, to create technologies that are niche and shall support Indian and global requirements. This collaboration will focus on creating the ‘Centre of Excellence’ for design, development and manufacture of composite rotor blades for Rotary Wing platforms, in India. This design and manufacturing hub shall support all future programs for both India and across the globe.”
Mr. Steve Griessel, Global CEO of Paramount said: “Our global partnership with Bharat Forge Limited has grown from strength to strength over the last few years. We are excited to expand our collaboration into the aerospace sector. We have confidence that this initiative will leverage the unique synergies of our joint capabilities to meet the rotor blades requirement for medium lift helicopters in India and across the globe.
“Facilities will be established as centers of excellence for the development and industrialisation of rotor blades for all helicopter categories. Our collaboration would present a unique opportunity for all parties to speed up qualification processes and jointly support national and international customers.”