Mutual work in ammunition field totaling EUR 2,7 billion - Yugoimport and Indian Anil Ambani contract on ten-year partnership
As
reported by Indian media, partnership refers to production of ammunition and discovery
of business opportunities.
Anil
Ambani Group announced this, as stated, the day after the head of Reliance
Defense Ammunition, within which the company operates, met Serbian President
Aleksandar Vucic. The
meeting was also attended by minister of defense, Zoran Djordjevic, as well as general
manager of Yugoimport SDPR, it was written in the text.
-
The two companies will work together, among other things, in the field of
weapons, with projected request of Indian armed forces in the next ten years of
EUR 2.7 billion – it was stated.
As
mentioned, there is a possibility of arms exports, along with the transfer of
technology from military equipment original manufacturers and production to
India.
Yugoimport is, it was written in the text, a state-owned company and a leader in the arms and military equipment market, which offered a complete technology solution in line with demands of Indian government and Reliance, which proposed a greenfield investment to build an ammunition production plant.
It was added that Reliance
will also work on development of new generation of ammunition to meet the needs
of the Indian armed forces in the future.
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