Interesting also from the announcement is the support from the Indian government. I believe this has gone through Niti AAyog.
Target to complete project financial close by 30 June 2018 remains on track, including:
- Intent to sign the Master Project Agreement (MPA) during May visit
- Completion of detailed sub-agreements
- Indian government requirements ( I suspect Niti Aayog)
“The Master Project Agreement (MPA), which the parties intend to formally sign during the visit, represents India’s largest ever government-backed joint R&D Project with an Australian company; a milestone for both India and Australia in demonstrating positive support and bi-lateral benefit under the Australia-India Comprehensive Economic Cooperative Agreement (AICECA).
Cheers
M.oz
PS This will start to take traction as the weeks go by. Tick Tock.
Ann: Shareholder Update - Indian Partner Visit, page-42
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