Anil Agarwal’s regrets

Two captains of Indian industry expressed their regrets last week, Ratan Tata on the incorrect positioning of the Nano and Anil Agarwal on his $10 billion investment in Orissa that is languishing for want of bauxite. While Tata’s regret is easy to address, indeed is being addressed by Tata Motors, the same can’t be said of Agarwal who has pointed out that he would have been better off buying US copper producer Asarco at the time he chose to invest in Orissa some years ago.

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