UPDATE 1-Bharat Forge, Elbit establish Indian defence jt venture

Last Updated: Thu, Feb 07, 2013 10:00 hrs

(Adds details, quote)

JERUSALEM, Feb 7 (Reuters) - Indian auto components maker Bharat Forge and Israeli defence contractor Elbit Systems said on Thursday they were forming a joint venture to supply advanced artillery and mortar systems to the Indian military.

The joint venture will offer solutions in Elbit's Artillery Guns & Mortar segment and roll out a range of products such as the Advanced Indian Gun System, the companies said in a statement.

The venture "will address Indian defence requirements with operationally proven systems from Elbit Systems that have been customised and adapted for Indian conditions ... for end-to-end solutions for artillery systems and armored vehicles upgrades established by Bharat Forge recently in India," said Baba Kalyani, chairman and managing director of Bharat Forge.

(Reporting by Steven Scheer)

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