How the Iran war exposed India's over-reliance on imported petrochemicals
New Delhi, May 27 -- Bengaluru: Prashant Mehra has had to make some of the toughest decisions of his 30-year career since the US and Israel attacked Iran, throwing global supply chains into disarray. As the head of chemical conglomerate SRF Ltd's performance films and foils business, he has had to hunt for raw material to keep his plants running and client orders fulfilled. The Gurugram-based division makes plastic packaging for fast-moving consumer goods (FMCG) companies, sourcing up to 100 raw petrochemicals from West Asia, China and Europe.
"We bought raw materials from all over the world, as far as South America, at whatever price they were available, because we wanted to keep the plants running," says Mehra. "We were lucky; many of ...
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