Categories: Agreements

Rolls-Royce Marine North America and Kalyani Strategic Service inks an Agreement

Rolls-Royce Marine North America and Kalyani Strategic Service sign an Agreement

A memorandum of understanding (MoU) was signed by Rolls-Royce Marine North America and Kalyani Strategic Service Limited (KSSL), a 100% subsidiary of Bharat Forge, to investigate the possibility of KSSL serving as an in-country provider for propeller sales in the Indian market.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Pact between Rolls-Royce Marine North America and Kalyani Strategic Service Limited: Key Points

  • The agreement may cover installation, commissioning, testing, design and development, licenced manufacture, pre-sales and sales support, installation, and aftermarket services and support, among other things.
  • According to Rolls-Royce, the new agreement should make it possible to establish a local supply chain ecosystem in India for shafting and propellers with changeable pitch.
  • According to Kishore Jayaraman, President of Rolls-Royce for India and South Asia, the company is dedicated to meeting the changing needs of the Indian armed forces and is in a good position to provide cutting-edge technological solutions to assist India’s ambition for naval modernization.

Cabinet approves MoU between India , Chile in Agricultural Sector

Benefit to Indian Defense Industry with this deal

The Indian Defense Industry is about to undergo a significant transformation in line with the AatmaNirbhar Bharat mission. Significant steps are being taken by Bharat Forge Ltd. to domesticate important systems and components for the armed forces.

Developing specialised naval propulsion technology and goods for the Indian Navy domestically is the goal of this strategic partnership with Rolls Royce, a longstanding participant in the naval ecosystem with a solid portfolio of technologically advanced products and offerings.

Also Read: Central Water Commission, IIT Roorkee to develop international centre of excellence for dams

Find More News Related to Agreements

 

 

Madhavi Gaur

Recent Posts

IPL Winners List From 2008 to 2024, Check Complete List

The IPL Winners List stands out as a highly searched topic related to the Indian…

10 hours ago

Top-10 Weakest Passports in the World 2024

In an increasingly interconnected world, the power of a passport can significantly impact an individual's…

15 hours ago

Brazil Awarded 2027 Women’s World Cup Hosting Rights

In a historic moment for South American football, Brazil was declared the host of the…

17 hours ago

Max Verstappen Triumphs at Emilia Romagna Grand Prix 2024

Max Verstappen, the defending Formula 1 World Champion, showcased his prowess on the track by…

17 hours ago

Top-10 Soybean Producing States in India 2024

Soybean, a versatile and nutrient-rich legume, plays a crucial role in India's agricultural landscape. It…

17 hours ago

Ministry of Ports, Shipping and Waterways Celebrates International Women in Maritime Day

The Ministry of Ports, Shipping and Waterways (MoPSW) recently marked International Women in Maritime Day,…

17 hours ago