Nusli Wadia is an Indian Parsi entrepreneur, a textile magnate and an important person in the real-estate business. He is the son of Neville and Dina Wadia, and the grandson of Muhammad Ali Jinnah, founder of Pakistan. His mother Dina Wadia is the daughter of Muhammad Ali Jinnah.
PTA and DMT are innocuous abbreviations for two chemicals used to produce polyester. Together they reacted to create a national explosion in the 1980s. Reliance Industries Ltd run by Dhirubhai Ambani (right) and Bombay Dyeing Ltd led by Nusli Wadia (left) were stiff competitors in the polyester market, with the former using PTA and the latter DMT as the main input. Those were the days when the government had a say in technology choices, so what ensued was a bitter lobbying war that eventually led to a political crisis for the Rajiv Gandhi government in New Delhi and a murder investigation in Mumbai.
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