Bharat Forge signs MoU for manufacturing facility at Baramati

Bharat Forge inked an MoU last week with the Government of Maharashtra, for its Centre for Advanced Manufacturing at Baramati. The company is actively pursuing opportunities in areas like aerospace, marine, rail, power, energy, mining and construction equipments.

Bharat Forge, the flagship company of the US$2.1 billion Kalyani Group, is betting big on this new Centre for Advanced Manufacturing (CAM), which will make advanced, high-tech and mission-critical components for the above industries. The CAM will allow the company to cater to its global customer base and will carry out engineering, validation and design work for these sectors. With companies like Boeing and Airbus looking at sourcing components from India, the new CAM facility will give Bharat Forge an opportunity to ramp up its business to an altogether new level.

The MoU was signed by Principal Secretary (Industries), Government of Maharashtra, VK Jairath, and Chairman and Managing Director, Bharat Forge, Baba N Kalyani, in the presence of Maharashtra Chief Minister Vilasrao Deshmukh, and other senior State officials. ‘The Government is determined to consolidate Maharashtra’s position as the no.1 industrialised State in the country, and I am confident that this new facility will accelerate the industrial growth of the region,’ said Deshmukh.

‘The Centre for Advanced Manufacturing is the first major project of our company that is located outside Pune. We are happy that we have had the opportunity to locate our project in Baramati, and we will ensure that we take the people of Baramati with us and make them our partners in progress and prosperity,’ said Baba Kalyani.

Baba Kalyani also said that the new Baramati facility would help the company increase its share of non-automotive business to 25 percent by 2008-09, and to 40 percent in the next five years. This, he said, was important in order to hedge against global cyclity, which the auto/commercial vehicle industry is prone to.