Brazil's Embraer names Bharat Forge as supplier for forged raw materials
Brazilian aerospace giant Embraer has signed its first forged raw material supply contract with Indian firm Bharat Forge Limited. This agreement marks a significant step in Embraer's supply chain diversification strategy, aiming to enhance resilie...
The fact that Bharat Forge is the first Indian supplier of forged components for Embraer is a proud moment and a testament to the capabilities we have built in the aerospace business, and we thank Embraer for the trust they have placed in BFL, said Amit B Kalyani, Vice Chairman & Joint MD, Bharat Forge, adding that the equipment manufacturer looks forward to growing and adding value to association with Embraer in the coming years.
These contracts will enable us to create scale for critical structural components, complementing the scale built in the aeroengine components space, Kalyani noted.
The agreement between Bharat Forge and Embraer supports the latter's global supply chain with high-quality forged
products.
“In line with our supply chain diversification strategy, we view India as a major opportunity. This contract reinforces our plans to create a more resilient and competitive supply chain, as well as our commitment to developing the Indian aerospace industry,” said Roberto Chaves, Executive Vice President of Global Procurement and Supply Chain at Embraer.
The contract comes at a time when Embraer is steadily expanding its presence in India and maintaining active dialogue with local industry leaders and government stakeholders.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.