Bharat Forge, now the world's largest forgings company is looking at Latin American markets, especially Brazil, as well as Asia to fuel its future growth.

“Brazil is an important area for the fields we want to be in,” Mr Baba Kalyani, CMD said, adding that while the company was strong in China. It will also look at the rest of the continent where no other country had any manufacturing footprint.

Currently, BFL addresses the needs of Brazil from India. “We want to generate business, build up a portfolio first. The next step will be how to address it,” he said, and added that, if demand required, setting up of an overseas plant would also be considered.

Speaking on the 50:50 JV with gear manufacturer David Brown, Mr Kalyani said, “We want to get into (making) large industrial gear boxes ranging from over 1 megawatt (MW) to 100 megawatt . While the 1-5 MW range is needed for wind turbines and industrial equipment, large gear boxes of 1500 HP were used in tanks. “A 1000 tanks need refurbishment,” he said, and this was a business opportunity.

“The SEZ has lost its meaning, now we have to see how to go ahead. But work on the 4,500 acres of land at Khed acquired for the SEZ is on at full steam,” Mr Kalyani said, adding that the response had been muted and 12 acres had been sold so far.

Currently the company has built a 4-lane road from the Nasik highway to the SEZ, and is putting the infrastructure and utilities in place.

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