Bharat Forge, through its subsidiary Kalyani Strategic Systems Limited, has formed a joint venture with Spain’s Duma Engineering to establish a new defense technology company focused on advanced solutions for India, Europe, and export markets. Holding a 90% stake, this collaboration aims to leverage Bharat Forge’s manufacturing expertise and Duma’s engineering capabilities to meet the rising demand for modern defense systems amid geopolitical tensions. While this venture enhances Bharat Forge’s global presence, it also presents challenges in competing with established European defense firms and navigating complex regulations. Overall, this strategic initiative aligns with India’s broader goal of enhancing indigenous defense manufacturing and expanding its foothold in international markets.
