Reliance Defence inks partnership with Serbia’s Yugoimport to manufacture ammunition in India
Posted on:20 Jun 2017 16:37:05
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20 June 2017 Current Affairs:
Anil Ambani Group company Reliance Defence Ammunition entered a strategic partnership with Serbia’s state-run defence major Yugoimport to manufacture ammunition in India.
They start the business with the minimum requirement of Rs 20,000 crores.
Yugoimport, a state-owned enterprise, is a market leader in the field of ammunition production and has offered a fully compliant technical solution to meet the Make in India requirements of the Indian Government.
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