Lakshmi Nivas Mittal is the third richest man in the world, as per Forbes' latest survey..closely behind the IT supremos Bill Gates and Warren Buffet..
i was quite surprised by a few related facts..
LNM's steel empire spreads across four continents and fourteen countries..mittal steel's production capacity is well over 70mt..and not even a minute fraction of this is being produced in India.. the indian touch being limited to only the men at the helms, including his son aditya, a Wharton alumnus, who is heading the M&A division.. with the acquisition of america's international steel group,, mittal would be the no. 1 player in the world.. a rare feat indeed for some one from the hardcore manufacturing sector..
in terms of turn over, mittal surppasses the Ambanis' reliance by huge margins... and IT stalwarts Infy, Wipro, TCS and the like would look like mere shadows.. why did india miss out the chance of grooming up such a terrific entrepreneur? red tapism? beaurocracy's arrogant and obsolete technicalities? lacking infrastructure?
on the flip side, where does india's no. 1 tata steel, being in business for almost a century now, stand in comparison with Mittal who is crossing just the 30 year mark in business? talks volumes about doing a hardcore manufacturing biz in india?
tail ender..operating from UK, Mittal Steel's majority of employees the world over are indians... something to cheer about..?
so long
roy
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