just a one person's opinion., page-17

Try post this on a new thread & accidentally posted it on the general thread so apologise if your reading this twice.


Just read this in bloomberg I think this will only make things easier here's a snippet

India Frees State Firms to Compete With China for Mines Abroad

Oct. 14 (Bloomberg) -- India granted state-run companies greater powers to acquire coal, oil and other mineral assets overseas without consulting the government as it bids to compete with China for resources to power its economy.
The policy approved by the cabinet yesterday gives companies enhanced powers to examine proposals and obtain the approval of directors, and applies to units that have been profitable for three consecutive years, Information and Broadcasting Minister Ambika Soni said in New Delhi. The government will “in due course” consider forming a sovereign wealth fund to help companies compete, she said.