Question: Yugoimport is the government-owned enterprise of which country?
(a) France
(b) Germany
(c) Serbia
(d) Israel
Ans: (c)
Related facts:
- On June 20, 2017, Anil Ambani group company Reliance Defense Ammunition signed a Strategic Partnership Agreement to create ammunition in India with the Serbian public-Defense establishment Yugoimport.
- Under this strategic agreement, the target of doing business of 20,000 crore in the next 10 years has been set.
- Both companies will work jointly in the field of ammunition.
- This agreement has options for export of ammunition and simultaneously envisages the transfer of manufacturing and technology to the original equipment manufacturers and indigenous manufacturers in India.
- Yugoimport is the government-owned venture of Serbia, which is a leading organization in the field of ammunition production internationally.
Related Links:-
http://www.vishvatimes.com/reliance-defence-enters-into-partnership-with-yugoimport-of-serbia
http://www.thehansindia.com/posts/index/Indian-Business/2017-06-20/Reliance-Defence-enters-into-partnership-with-Yugoimport-of-Serbia/307649