Lucknow, 5 th February 2020. Bharat Forge Ltd., the world’s leading technology solutions provider signed a Memorandum of Understanding with DASTAN Corp., Kyrgyzstan, engaged in development of Torpedoes with advanced homing heads for Shipborne & Submarine platforms, used by Indian Navy. Both firms are coming together for joint upgradation of CET-65E Torpedoes and to participate in jointly identified and mutually agreeable opportunities and programs related to the underwater weapon systems/Product in India and other territories.
Speaking on the occasion, Mr. Baba Kalyani, Chairman, Kalyani Group said, “We are very excited to enter the marine business segment. This collaboration brings together the manufacturing and technology excellence of two leading companies. We are looking forward to spread our foot print in this segment while working under the policy of ‘Make in India’”.
Speaking on the occasion, Mr. Talaybek Temiraliev, President, DASTAN Corp. said, “In September 2019, DASTAN Corp., and Bharat Forge Ltd. decided to collaborate for joint naval trials of new homing systems for CET65 and TEST71 torpedoes that are presently in use by the Indian Navy. The Stage-I of this project has been successfully completed at DASTAN Corp. and in February to March 2020 we plan to proceed to the Stage-II that is to carry out environmental naval field tests in the Indian Ocean. We are hoping that successful results of these trials will enable us to carry out upgradation of all CET65 and TEST71 articles in operation with Indian Navy.”