State Of The Economy 2014

Shaping up slowly

Its relative inexperience and lack of enough real estate to spread out is costing Mancheswar dear

Vishal Koul

Making fibreglass boats wasn’t part of JK Rath’s original plan. Coming from a family of doctors and engineers, Rath did his ME in industrial chemicals, and was to take up a government job. After all, that’s how most Odias worked their way up a career in the 1970s. But he chose differently. “Many of my friends in college were from business families and I saw their living standards.” In 1979, Rath took the plunge and started making industrial perfumery chemicals used in soaps and oils. Soon he was into the manufacture of drug intermediates for pharma companies when a chance exposure to fibreglass products changed things.