APG 0.00% 0.2¢ austpac resources nl

whats gone wrong??????, page-10

  1. 2,839 Posts.
    re: beautiful/whats gone wrong?????? Arvo B,
    You mention that the: "Indian Foreign Investment Promotion Board (FIPB) recently rejected an application by Austpac Resources NL to set up a pilot plant to process ilmenite, on the basis that production of synthetic rutile from a rare earth metal is not value addition."
    I would suggest that part or all of the rejection was due to insufficient graft being proffered. Greasing palms, bribes et al are a way of life on the sub continent. If you have, or know anyone who has, tried to obtain approval, get licencing etc., etc., to set up a venture in India then you will know what I'm talking about.
    Cheers,
    Carl.
 
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