The Indian Chamber of Commerce and Culture in the Slovak Rupublic (INDCHAM) organized a business mission for its member GA Drilling. After several months of preparation, November 5-12, 2016 was set as week to meet business partners in Delhi and Mumbai. From INDCHAM, Alexander Horvath, Tomas Torok and Rakesh Taurani accompanied founders of Plasmabit (R) technology, GA Drilling Slovakia and organized the B2B meetings as well as presentation towards govermental officials. The purpose of the mission was to find a right partner of joint venture and continuous support in Research and Development. India is key player in geothermal activity thus very interesting partner for GA Drilling company.
Delhi
The business mission started in Delhi with attending Ministry of Finance and Ministry of Human Resource Development (High Education Division). The presentations went well and both ministries acknowledged the unique product of GAD. State Minister of Finance Arjun Ram Meghwal promised support in several areas. In HRD ministry several agreements were reached especially on PhD study program.
Following day, we led important meeting in organization Niti Aayog with board member and nuclear scientist - Shri V.K. Saraswat, who knew the subject very well and asked relevant questions. Niti Aayog is a Planning and Strategic Committee under Prime Minister Modi and acts as recommendation body for India strategy. If you get a buy in here, your services will be well positioned in India. It was very important to convince one of the greatest scientists in India. Follow up will take place during December and January.
Before we left Delhi to Mumbai we had a pleasure to meet Executive Secretary of EPSI organization - a non-profit education society organization holding major University and Education Trusts, Mr. P.Palanivel. Discussion topic was about Technical Gradudates and PhD program exchanges between India and Slovakia.
The team had some spare time left to see the City Center, India Gate and also visited Slovak Embassy in India, meeting Ambassador Mr. Bertok and his team, discussing economic and commercial support between Slovakia and India. We thank Mr. Bertok for the hospitality and time devoted to us.
Mumbai
In Mumbai we had pleasure to meet two of the biggest Oil and Gas Company in India and presented the patented technology. The negotiations are still ongoing and information undisclosed. Once we have the positive updates and deal closure we will post the annoucement.
In Mumbai, we stayed in beautiful Novotel 5* Hotel on the beach. One could see the differences between luxury and poverty. Right behind the hotel you enter into the slum area and see the opposite side of India.
About GA Drilling:
GA Drilling is a high-tech company developing and commercializing a groundbreaking technology platform PLASMABIT. Our technology enables massive time and cost savings compared to relevant existing drilling technologies and opens up vast new possibilities in oil & gas, geothermal energy, mining and tunneling.
Subscale field prototype and all components of our core technology have been already demonstrated in drilling and casing milling. Our team of 70+ professionals has successfully accomplished the first ever plasma milling underwater and the first ever plasma milling in HP/HT environment. First applications are under preparation for onshore and offshore field tests in a short time period.
The first of PLASMABIT applications is particularly addressed to Oil and Gas industry, which faces challenges, such as hard rock drilling, exponential cost growth across the board or raising the level of O&G structures that need to be decommissioned. The initial full product for oil &gas segment to be brought to market in 2018.
