Delhi Planning Water Reuse on an Epic Scale says Fluence article, page-7

I like your thinking, we must push FLC management to consider this seriously - India is very big market and much more mature - it is not that difficult as some elude it. I look after APAC business for multinational and I experience it firsthand - how good it is to do business with Indian Govt projects compare to Chinese.

China may sound low hanging fruit but it has its own risk. Chinese companies and govt does not pay in time/pay post completion. Risk of technology theft is ever growing in China. Accounting malpractice/stealing of company money is high - see PET and others. CCP political dramas at the drop of penny. And list go on. We can not afford to overexpose ourselves to such nightmare.

India has huge demand. FLC has huge potential and finding partner in India can put us on high multiple of Market Cap.

In any case, FLC is on track to 2-3 multiples in few months.