The Chemical Man
About seven-eight years ago, Deepak C. Mehta, Chairman and Managing Director of 50-year-old Deepak Nitrite was planning an aggressive expansion in Europe, backed by acquisitions. During one his meetings in the country, a veteran European industrialist told him, “Deepak, you are here to buy us, while we are looking at your country as one of our most potential markets.”
“It was an eye opener,” says Mehta. The chemical industry in Europe was stagnating at 1-2 per cent, while India was growing at over 7-8 per cent. Mehta changed plans and decided to focus on producing more from India. “In a way, I was among
