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Quantum Materials Corp. QTMM
(Total Views: 440)
Posted On: 01/29/2019 6:32:09 PM
Post# of 22467
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Posted By: Puravida19
Re: Crunch55 #11415
CEO Stephen Squires posted an India newscast about Advantage Assam on Linkedin
A phrase on the video says "India's Expressway to ASEAN"
https://www.linkedin.com/feed/update/urn:li:a...6412028928

There is no translation, but it appears to be a newscast directly after Advantage Assam met in Feb 2018. Audience shots show large attendance. Squires is shown as attending on screen, given the ceremonial honor of lighting incense and receiving a shawl. Just before that time the Final Approval from the Indian Government was received in January 2018.
Advantage Assam: Global Investors’ Summit has attracted Rs. 8,020.21 crore till now says Chandra Mohan Patwary

8000 Crore is equal to 1,124,800,000 USD @ 71.12 Indian rupees to 1 US dollar.

The next to last paragraph of the Economic Times article says-
"He (govt official) said out of 207 MoUs signed during the summit last year, ten have already been grounded which involves investment worth Rs. 6,575.84 crore. “ 34 other units, which were not a part of the 207 MoUs signed during the Summit, have also been grounded with an investment of Rs. 1,441.37 crore.”

I presume 'grounded' is an expression for "committed to a ground lease".
I think so because the last paragraph says "Patwary said that Assam Industrial Development Corporation (AIDC) has allotted 22267.6 square/ meter of area to 17 industrial units, who have applied for lands under the MoUs signed during the Investment Assam Summit held last year. "
https://www.investopedia.com/terms/g/ground-lease.asp













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