Bharat Forge Limited has set to invest US$74.8 Million in South Indian state of Telanganas booming defense and aerospace manufacturing sector
The Indian Defense Acquisition Council (DAC) has approved an INR 16,900 Crore (US $2.6 billion) proposal to acquire an initial 428 air defense guns to replace Swedish-made L-70 and Zu-23mm artillery guns for the Indian Army
Bharat Forge and Punj Lloyd will be the only contenders for Indian Armys US $2.6 billion (16,800 crore INR) anti-aircraft gun replacement contract, Economic Times reported Wednesday
Indian private companies, Bharat Forge, ABG Shipyard, Pipavav Defense and Offshore Engineering Company will now be able to set up defense and explosive manufacturing units. An inter-ministerial committee chaired by Secretary in the Department of Industrial Policy and Promotion (DIPP) Amitabh Kant on Wednesday cleared most of 144 proposals for setting up manufacturing units that included defense and explosive sectors
Indian Defense firm Bharat Forge and US-based FutureNet Group inked defense and security partnerships during the ongoing Vibrant Gujarat Summit on Sunday. According to the partnership, Bharat Forge will set up a unit for upgrade and overhaul of armored vehicles in the Indian state of Gujarat
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