INDIAN CHEMICAL FIRMS TAKE FIGHT TO CHINA
Fortune India|November 2023
India's initiative to indigenise chemicals is meant to emerge as an alternative to China in global markets.
P.B. Jayakumar
INDIAN CHEMICAL FIRMS TAKE FIGHT TO CHINA

CHEMICAL ENGINEER Gopi Latpate from Aurangabad sold his IT firm ValuD Consulting to Fortune 500 multinational JLL in October 2018 and invested in 50-plus India-focussed start-ups in energy, technology and social empowerment. He, along with long-time friend Balasaheb Darade, who left his job in U.S. to work for social causes in India, thought of starting a transformative business. They were joined by Ajay Agarwal, former owner of polyester chip and yarn manufacturer Shubhalakshmi Polyesters, acquired by Reliance Industries for ₹1,592 crore in September 2022.

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