Well, we know the Indians just decided to free up an "eamarked" $8B for foreign Iron Ore investments originally destined for Afghanistan.
We know Japan is going to make a huge contribution to India's $1 Trillion highly steel-intensive 5 year infrastructure plan (and her steel mills suffer ore shortages).
What does this all mean to the competitive tender for a $21/T world class DSO resource. Dunno ?
Are the Chinese paying close attention that the Indian government is seeking foreign IO mining investment with not just Jindal but a mega consortium consisting of (SAIL, NMDC Ltd, Rashtriya Ispat Nigam Ltd, JSW Steel Ltd, Jindal Steel & Power Ltd and Monnet Ispat & Energy Ltd). Dunno ?
“India needs $1 trillion in investment in infrastructure and investments in manufacturing. Japan has promised $92 billion in infrastructure (the Delhi-Mumbai industrial corridor), which is one-tenth of the investment India is looking for. There are some 900 Japanese companies in India. And during Abe’s visit India and Japan will announce the launch of the Bangalore-Chennai highspeed railway. The trade gap with Japan is no where near as large as with China and whatever the deficit, Japan makes up by investments into India. With South Korea too, the story is similar (with that of Japan) in terms of investment and trade,” Kondapalli said.
SDL Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
