Each to their own trading or investment guide lines .
Management indirectly gave the insight into proceeding by announcing a Collaborative Agreement this was the first time that this type of wording was announced to market.
Government approval for foreign investment regarding technology transfer needs to be approved by the government and considering NLC and NMDC are government controlled ECT would not have progressed to this stage unless approval has been given already, also a wholly owned ECT INDIA was established to meet conditions in operating a Collaborative Agreement, this is a requirement set by government.
Importance of this agreement is a pre requisite to a Joint Venture .
The process to commercialisation of coldry and matmor and boxes ticked in my opinion the deal is very close to being signed.
http://www.madaan.com/investing.htm
https://books.google.com.au/books?i...collaboration agreements law in India&f=false
ALL IMO please do own research.
Each to their own trading or investment guide lines . Management...
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