Signed: IMT Owned by TAFE

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Photo: Promo

Indian company TAFE signed a contract on the purchase of Belgrade-based Machinery and Tractors Industry (IMT), at a price of 66.08 million dinars.

The contract was signed by Deputy Director of TAFE Kamal Ahuja and the representative of the Bankruptcy Supervision Agency Dusan Dragolovic.

The contract was signed in the presence of Prime Minister Ana Brnabic and Minister of Agriculture Branislav Nedimovic.

TAFE announced a multi-million dollar investment and the production of at least 5,000 tractors in the next five years, with the aim of reaching the production of 10,000, with direct and indirect employment of 800 workers.

Source: Beta

Photo: Promo