It is 1974. The Indian government enacts a plan that attempts to seize control of any international
business that is established on its territory. This act is called the Foreign Equity Regulation Act
(FERA). “On January 1, 1974 India enacted the Foreign Equity Regulation Act (FERA), a
statute requiring all foreign equity holdings in Indian companies to be diluted to no more than
40% – meaning UCC could legally own no more than 40% of UCIL shares” (ICJB, 2016).
“Incoming UV radiation easily passes through the glass walls of a greenhouse and is
absorbed by the plants and hard surfaces inside. Weaker IR radiation, however, has
difficulty passing through the glass walls and is trapped inside, thus warming the
greenhouse. This effect lets tropical plants thrive inside a greenhouse, even during a cold
winter” (Lallanila 2016).
High school ended with a diploma not studied for a four-year university, but with the
expectations of my adoptive parents to continue, enrollment at the local community college was
eminent. Still lost and struggling with my identity, failure prevailed as measured by the
chronology of my academic grades.
It is 1974. Union Carbide was able to work out a deal with the Indian government to gain
majority control of its facility in India after the FERA act. Union Carbide could not lose control.
“Seeking a way to move forward, UCC proposed to the Indian government that it would start
producing MIC, an exclusive UCC specialty, in Bhopal in return for an exemption from FERA
on the grounds that MIC production would need high-technology inputs not available in India”