IDEX: Paramount and Bharat Forge sign rotor blades MoU
Paramount and India-based Engineering and Technology company, Bharat Forge, signed an MoU for the development and production of composite rotor blades, mission systems and stores management systems for medium lift helicopters.
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 programmes for both India and across the globe.”
Steve Griessel, Global CEO of Paramount added: “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 centres 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.“
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