Sunday, Sep 19, 2021
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The Acid Wash Effect

A government/industry nexus is giving leeway to Dow in the Union Carbide wrangle. Why?

The Acid Wash Effect
Jitender Gupta
The Acid Wash Effect
outlookindia.com
-0001-11-30T00:00:00+05:53

This is the story of an American MNC, accused of bribing Indian officials and influencing policymakers. It's about The Dow Chemical Company (Dow), the second-largest chemicals maker in the world and an inheritor of our worst industrial accident, the Bhopal gas tragedy. Apart from Dow chairman Andrew Liveris, the dramatis personae include Planning Commission deputy chairman Montek Singh Ahluwalia, Indian ambassador to the US Ronen Sen, and Tata Sons chairman Ratan Tata, one of the country's most powerful and credible businessmen.

In the recent past, they have all interacted several times with each other. Montek heads the Indo-US Economic Dialogue Committee, which aims to help India become a knowledge economy and usher in a second green revolution in agriculture through technological inputs. An important ingredient of the umbrella negotiations between the two nations is the Indo-US CEO Forum, which is chaired by Tata and includes Liveris, one of the 10 American CEOs handpicked and appointed to the forum by US President George Bush....

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