Back ground on India finance. Is it relevant to EDE?, page-2

A strange way to do business Donnybrook, or not do business as the case may be.

I also thought it was strange that the tender for the highways in Mumbai have been extended and now re-tendered due to the change in government;

"Mumbai Metropolitan Region Development Authority (MMRDA) – Two Expressway Tenders
o Two tenders, each for the construction in Mumbai of a new expressway, 10 lanes wide and 25
kilometres long, included for the first time, a Key Product Specification that Nano Carbon
Technology be included in the concrete to enhance serviceability of the pavement (See Figure 1.)
o MMRDA, a Government of Maharashtra agency , is responsible for preparation of the Regional
Plan and infrastructure development of the Mumbai Metropolitan Region, an area of 6,355 square
kilometres with a high-density population of over 26 million .
o Godrej Construction (Godrej) has plants across India and uses EdenCrete® in several standard
concrete mixes in a number of cities including Mumbai, and is working with Eden on these projects.
o Quotations to supply of EdenCrete® were also supplied to a number of other concrete suppliers.
o These tenders, which were extended twice, but due to a change in the government, are now to be
re-tendered, open the first potential opportunities for an EdenCrete® product to be included in
concrete that is to be used in major Indian infrastructure projects.
o The Key Product Specification requiring Nano Carbon Technology to be included in the concrete
was included to enhance the serviceability of the pavement."

Though this could be because of global macro economic conditions, like the GDoT postponing it's projects due to them coming in 33% more than usual. Which ties in to the lending conditions too.

No wonder the lower cost/greener/more durable concrete EDE has developed with EdenCrete PZ/7 is making waves around the world.

IMO DYOR GLTS