
Bharat Forge Subsidiary Partners FN Herstal for Defence Manufacturing
Bharat Forge Limited's subsidiary, Kalyani Strategic Systems Ltd. (KSSL), has signed a Memorandum of Understanding (MoU) with FN Herstal, a subsidiary of FN Browning Group. This partnership aims to establish local manufacturing capabilities in India for small arms and counter-unmanned aerial systems (C-UAS). The collaboration will explore setting up a dedicated production center in India and potentially a joint venture, aligning with India's 'Make in India' initiative. The agreement leverages KSSL's engineering expertise and FN Herstal's global leadership in defence solutions, intending to enhance India's defence industrial base, ensure long-term security of supply, and promote strategic autonomy.
Key Highlights
- KSSL partners with FN Herstal for local defence manufacturing in India.
- MoU to explore production center and potential joint venture for small arms and C-UAS.
- Partnership aligns with India's 'Make in India' and 'Aatmanirbhar Bharat' initiatives.
- Aims to strengthen India's defence industrial base and strategic autonomy.
- Combines Indian engineering with global defence technology leadership.
Price Impact
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