Indian USHA Industries wants to invest in production of blue stone in Bor

(Photo: rtb.rs)

Mining and melting basin Bor and New Delhi-based USHA Industries signed on Thursday (September 11, 2014) Memorandum of understanding where Indian company representatives expressed their readiness to invest in production of copper sulfate (blue stone).

With signing of protocol on business and technical cooperation, USHA agreed to invest in precious metals processing in Majdanpek-based Zlatara as well as in placement of silver and gold jewelry to the Asian market.

The first investment, copper sulphate production, implies not only jobs but also 100% export to India, and USHA has 70-year long experience at the chemical industry market, Aggarwal said.

He added India is a big market with 1,3 billion people so he thinks the investments will open doors for RTB and enable selling its products under Indian company.