sie - india deal postponed -- disappointing, page-6

re: have sie holders seen this before.
Could be right Peterd,
Not sure what to make of this at the moment, but it seems to me it may be a case of "you have to spend money to make money"....

"The government also cleared the proposal of the Singapore-based Scigen Ltd to invest Rs 12 crores in setting up a wholly-owned subsidiary in India to manufacture recombinant human insulin and human growth hormone."

"The other major FDI proposal cleared by the government includes that of the British major Spectris Plc to set up a 100 per cent subsidiary for wholesale trading of hi-tech precision control and measurement equipment and related components with FDI inflow to the tune of Rs 13.32 crores."


Thanks for posting Peterd..