THE MAN OF STEEL RETURNS


If you are thinking about a superman dressed in blue and red garb then you are both right and wrong because I am refering to our own Indian super hero........no no.....if you have concluded that I am going to write an article on trying to bring to light how our homegrown superheroes (Krish) have started following Hollywood trend. I would say dont be impatient.

I am refering to our very own steel baron Mr. Laxmi Mittal. A man who by his sheer determination and lasting guts overcame all the opposition and has vanquished all suspicions which tried to put doubt on his flawless planning and global vision.

No wonder THE ECONOMIC TIMES promptly stated
" call it the victory of Indian 'colone' over European 'perfume'."

With saga that started on 14th Jan'06 when Mr. Mittal talked to Arcelor CEO about possibility of Mittal steel acquiring Arcelor which he turned down to 26th Jun'06 when Arcelor board decided to accept the improved offer by Mittal steel.

When he left India in 1976 who would have thought this man would spear head world's steal industry with comfortable family holding of 43.5% of Arcelor Mittal he is definately leading.The combined entity has capacity of 130mt i.e. 10% of worlds steel output, 61 steel plants in 27 countries a feeding hand to 3,20,000.The figure just shows how seminal this merger is and just shows how world is now awakening to the presence of INDIA INC. on the global economic front.

Today every Indian is proud of steel baron who has proved that globalization is not a one way street if India is open to foreign investment and welcomes them so should foreign countries.

The man truly posses nerves of steel as it is not a small feat to achieve the position he has acquired in just a span of 20 years. He has taken great risks and has proved that his meticulous planning is perfect to every step.

He is a man who turned most of ailing and ageing steel plants into profitable ventures. He has proved once again that thinking out of the box is what matters you might do same things but you have to do them in a different way.

Way to go king Mittal.....