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November 6 (SeeNews) - Serbia's government said agriculture minister Branislav Nedimovic has initiated talks with Indian companies Mahindra, Amalgamations Group and Sonalika on the privatisation of state-owned insolvent tractor maker Industrija Masina i Traktora (IMT).
Nedimovic presented the opportunities for the production of tractors in Serbia to companies interested in the sector during an official visit to India, the government said in a statement on Friday.
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The agriculture ministry will do its best to find a buyer in the coming weeks and solve a problem that has been plaguing Serbia for some ten -fifteen years, Nedimovic said, as quoted in the statement.
Last week, Nedimovic said Indian companies Mahindra and Tafe are interested in manufacturing tractors in Serbia.
IMT was declared insolvent and ceased production in December 2015.
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