Q:
A:
Contract of sale of IMT signed
Belgrade,
11 April 2018
Prime Minister Ana Brnabic and Minister of Agriculture, Forestry and Water Management Branislav Nedimovic attended today the signing of a contract of sale of the Industry of Machinery and Tractors Belgrade (IMT) to the Indian TAFE.
The contract of sale of the bankruptcy debtor as a legal entity was signed by Deputy Director of TAFE Kamal Ahuja and Dusan Dragojlovic on behalf of the Bankruptcy Supervision Agency.
The Indian company purchased the legal entity¸i.e. the IMT trademark, for RSD 66,081,562, a plant in Jarkovac near Secanj and technological drawings.
Other assets of IMT will enter the bankruptcy estate.
TAFE announced a multi-million-dollar investment in production facilities in Serbia and in subcontractors.
According to company management's estimates, TAFE will produce at least 5,000 tractors per year in Serbia in the next five years, with the aim of reaching the production of 10,000 tractors.
The Indian company purchased the legal entity¸i.e. the IMT trademark, for RSD 66,081,562, a plant in Jarkovac near Secanj and technological drawings.
Other assets of IMT will enter the bankruptcy estate.
TAFE announced a multi-million-dollar investment in production facilities in Serbia and in subcontractors.
According to company management's estimates, TAFE will produce at least 5,000 tractors per year in Serbia in the next five years, with the aim of reaching the production of 10,000 tractors.
Ana Brnabic
Prime Minister Brnabic pointed out that the resumption of work of IMT and the conservation of the brand, which marked the agriculture of these lands in the last 60 years, was an important and difficult task that the Serbian government has managed to finish.
We have made great efforts to re-launch this story, preserve the IMT trademark and find the investor, said the Prime Minister.
She underlined that resolving the issue of bankruptcy remains a priority of the government.
We have made great efforts to re-launch this story, preserve the IMT trademark and find the investor, said the Prime Minister.
She underlined that resolving the issue of bankruptcy remains a priority of the government.
Branislav Nedimovic
Nedimovic noted that the tractor is a symbol of agriculture and that this branch was at a loss because IMT stopped producing tractors.
He pointed out that the start of production in IMT is also important for Serbia's GDP, since in our country only 400 tractors were produced last year.
Kamal Ahuja, deputy director of TAFE, recalled the decades-long cooperation between IMT and TAFE, pointing out that the goal is to continue this cooperation for many more years.
Kamal Ahuja, deputy director of TAFE, recalled the decades-long cooperation between IMT and TAFE, pointing out that the goal is to continue this cooperation for many more years.
Kamal Ahuja
-
Belgrade/Budapest, 23 October 2026Good relations with Hungary help Serbia on its European path
-
Belgrade, 23 October 2026Prime Minister Macut at commemoration of 70th anniversary of Hungarian Revolution
-
Belgrade/Budva, 22 October 2026Serbia one of key factors in regional integration
-
Belgrade/Sveti Stefan, 22 October 2026Serbia committed to continuing reforms on path to full EU membership
-
Belgrade, 21 October 2026Prime Minister Macut to attend Berlin Process Leaders’ Summit in Sveti Stefan
-
Kragujevac, 21 October 2026Macut pays tribute to civilians executed during World War II
-
Belgrade, 21 October 2026Importance of maintaining public order, peace on election day
-
Belgrade, 20 October 2026Macut congratulates Luca Niculescu on his election as new Prime Minister of Romania
-
Petrovac na Mlavi/Žagubica, 19 October 2026Strengthening healthcare institutions among government priorities
-
Belgrade/Dalj, 17 October 2026Serbia to continue supporting its people, Serbian Orthodox Church in Croatia