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Pune-based multinational engineering and manufacturing company Bharat Forge expects significant opportunities in defence manufacturing, semiconductor equipment supply chains and artificial intelligence (AI)-linked industrial demand, as India strengthens its position as a manufacturing hub, Chairman and Managing Director Baba Kalyani said.
Kalyani said India's industrial landscape has changed substantially in the last few years, with private-sector participation expanding across defence, space and advanced manufacturing. He expects the defence sector to witness rapid growth over the next several years while Bharat Forge works to enter global semiconductor equipment supply chains.
"I think you're going to see a big explosion in this sector in the next five-seven years," Kalyani said while discussing defence manufacturing opportunities.
According to Kalyani, one of the biggest changes has been the shift from supplying components to developing and manufacturing complete defence platforms designed in India.
The company recently secured a major order for carbines from the Indian Army and is seeing increasing interest from international defence manufacturers seeking production partnerships in India.
Kalyani said Bharat Forge is already generating a significant portion of its defence revenue from overseas markets.
"Out of our total defence sales, almost 40% is exports," he said, adding that demand is increasing from multiple countries as global defence spending rises.
Bharat Forge is also focusing on opportunities emerging from the semiconductor ecosystem. While the company does not plan to manufacture semiconductors, it aims to become part of the supply chain for equipment used by leading chipmaking companies.
Kalyani said Bharat Forge is working with major global semiconductor equipment manufacturers, including companies such as ASML, Lam Research and Applied Materials, to supply specialised metal components used in semiconductor production equipment.
The company expects progress on these efforts over the next year as supplier qualification processes are completed.
Bharat Forge is also investing heavily in manufacturing capacity. Kalyani disclosed that the company is investing more than ₹1,000 crore in a new facility in Baramati, Maharashtra, focused on high-technology forgings and machine parts used in data centre power backup systems.
The plant is expected to begin operations in the fourth quarter of this year and is positioned to benefit from growing AI-related infrastructure demand.
Kalyani said India should continue improving the ease of doing business and focus on building scale in emerging industries such as electric vehicles (EVs). He also stressed the importance of increasing research and development spending to support India's transition from a services-driven economy to a product-led manufacturing nation.
For the full interview, watch the accompanying videoCatch all the latest updates from the stock market here
Kalyani said India's industrial landscape has changed substantially in the last few years, with private-sector participation expanding across defence, space and advanced manufacturing. He expects the defence sector to witness rapid growth over the next several years while Bharat Forge works to enter global semiconductor equipment supply chains.
"I think you're going to see a big explosion in this sector in the next five-seven years," Kalyani said while discussing defence manufacturing opportunities.
According to Kalyani, one of the biggest changes has been the shift from supplying components to developing and manufacturing complete defence platforms designed in India.
The company recently secured a major order for carbines from the Indian Army and is seeing increasing interest from international defence manufacturers seeking production partnerships in India.
Kalyani said Bharat Forge is already generating a significant portion of its defence revenue from overseas markets.
"Out of our total defence sales, almost 40% is exports," he said, adding that demand is increasing from multiple countries as global defence spending rises.
Bharat Forge, which has a market capitalisation of ₹91,415.33 crore, has delivered a share price gain of more than 42% over the past year.
Bharat Forge is also focusing on opportunities emerging from the semiconductor ecosystem. While the company does not plan to manufacture semiconductors, it aims to become part of the supply chain for equipment used by leading chipmaking companies.
Kalyani said Bharat Forge is working with major global semiconductor equipment manufacturers, including companies such as ASML, Lam Research and Applied Materials, to supply specialised metal components used in semiconductor production equipment.
The company expects progress on these efforts over the next year as supplier qualification processes are completed.
Bharat Forge is also investing heavily in manufacturing capacity. Kalyani disclosed that the company is investing more than ₹1,000 crore in a new facility in Baramati, Maharashtra, focused on high-technology forgings and machine parts used in data centre power backup systems.
The plant is expected to begin operations in the fourth quarter of this year and is positioned to benefit from growing AI-related infrastructure demand.
Kalyani said India should continue improving the ease of doing business and focus on building scale in emerging industries such as electric vehicles (EVs). He also stressed the importance of increasing research and development spending to support India's transition from a services-driven economy to a product-led manufacturing nation.
For the full interview, watch the accompanying videoCatch all the latest updates from the stock market here
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