Bengaluru, Feb 16 (UNI) Bharat Forge Ltd and Paramount Group have signed a MoU for the development and production of Composite Rotor Blades, Mission Systems and Stores Management systems for Medium Lift Helicopters at Aero India. Bharat Forge CEO (Aerospace Division) Guru Biswal said: "This MoU with Paramount is a testimony of our commitment to work for an Atmanirbhar Bharat to create technologies that are niche and shall support Indian and Global requirements." "This collaboration will focus on creating the Centre of Excellence for design, development and manufacture of Composite Rotor Blades, Mission Systems and Stores Management systems for Rotary Wing platforms, in India," he said. "This design and manufacturing hub shall support all future programs for both India and across the globe," he added. Paramount Group SVP Clifford Dewell said, "We have confidence that this initiative will leverage the unique synergies of our joint capabilities to meet the requirements for these systems for Medium Lift Helicopters in India and across the globe." Paramount has delivered Mission Systems and Stores Management systems to several defense forces, including the South African and Algerian Air Forces, he said. Facilities will be established as centers of excellence for the development and industrialization of Rotor Blades for all Helicopter categories, Dewell said. "Our collaboration would present a unique opportunity for all parties to speed up qualification processes and jointly support National and International customers. This MOU will help in achieving the Atmanirbhar Bharat initiative," he said.