Management Recognition, page-2

“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).
“The Australian High Commission in India, together with Austrade and AusIndustry have provided invaluable advice, support and assistance to ECT over the past three years, garnering Indian Government support for the Project at cabinet level.
“Part of our planning for the visit has entailed seeking government meetings in recognition of the role they’ve played in supporting ECT in the development of our technologies and specifically in the formation of our project in India. Next week’s Federal budget activity was proving problematic, limiting the availability of relevant Ministers, so the shift in visit dates has the additional benefit in allowing us to skip budget estimate activity next week, with the new timing to coincide with Parliamentary sitting dates. This may improve our chances of coordinating high-level meetings in Canberra to witness the MPA signing.”