This refers to the report "Ratan Tata for low-cost manufacturing" (September 24). The Tata Nano experiment cannot be considered a failure. Through Nano, Tata Motors demystified the cost-benefit concept. The company exposed the per unit profit margins enjoyed by manufacturers of goods by factoring in high prices for luxury, comfort and the feeling that only a privileged few own certain goods.
Tata said, "We have foreign exchange reserves large enough for Indian companies to look at acquisitions of international companies to fill a product or a technology gap". India is yet to even measure the country's resources, including gold. Tata will speak about cars, steel and a couple of other commodities or services, Murthy will talk about what Narendra Modi should do in the US to improve the fortunes of the software industry, but it is the responsibility of the government to map and manage the nation's resources to boost growth that will benefit the majority of Indians.
M G Warrier Mumbai
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