11–20 of 49 posts
The U.S. building code seems broken from my perspective. Cheap homes are not hard.
And so it starts. A decade or two after opening up the economy, Indian companies have started moving up the value chain, creating solutions to local problems instead of mindlessly building things designed elsewhere. Great to see this happen in my lifetime.
Tata seems to relish creating products for the bottom of the pyramid that no other corporation will touch. What they are doing reaffirms my faith in capitalism.
The Tata group is probably the only major group in India which prides itself in hardcore engineering. Think of them like the "Google" of India. Kudos to them for tackling India's problems.
For those unfamiliar the Tata industry is better compared to GE than Google in terms of its diversification. They are involved in the energy, IT, automotive, steel, and I'm sure a whole bunch of other sectors.
Relatedly, this is a big difference between India and China. In China, when the CPC decides to do something, it happens, no matter how many heads roll in the process. One of India's biggest failures has been its inability to keep up with its promises.
As with most things coming out of India, I would take this with a grain of salt. There've been promises of things like a $10 laptop and a $35 tablet in the past. When (if ever) they actually materialized, however, the price was either much higher or the quality/features much lower than promised. Relatedly, this is a big difference between India and China. In China, when the CPC decides to do something, it happens, no…
This is more of Tatas attempt to fix things, but unlike Nano Car project, govt. does have some involvement here, so I am not holding my breadth.
And yeah like it or not, it is good that Govt stops if something is not popular. Thank god for that.
Earlier quoted context omitted.
Tata seems to relish creating products for the bottom of the pyramid that no other corporation will touch. What they are doing reaffirms my faith in capitalism.
The article mentions that these homes are targeted at the beneficiaries of the Indira Awaas Yojana - a government subsidy program. The article also mentions that other companies are going after the same market (with limited success).
Yes there is a government subsidy for the lowest cost home but in India relying on the government keeping the same policy for more than 4 years is a little insane.
Considering that 40% of Indians earn less than 1.25$ a day, this still is not going to completely solve the problems faced by the "average person" in India. Anyone who can afford this house is probably working in one of the cities where the cost of land would be at least 10 times the cost of the actual house. So who would actually be able to use this?
As with most things coming out of India, I would take this with a grain of salt. There've been promises of things like a $10 laptop and a $35 tablet in the past. When (if ever) they actually materialized, however, the price was either much higher or the quality/features much lower than promised. Relatedly, this is a big difference between India and China. In China, when the CPC decides to do something, it happens, no…
Remember, in China developments happen with more government participation whereas in India developments happen with lesser government participation.