World Bank welcomes launching of TATA Nano

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Bangalore, Jan 10: Welcoming the introduction of Rs one lakh car 'Tata Nano' today, the World Bank said this was the best way to bring technology that is useful to common people.

Speaking to newspersons on the main findings of the 'Global Economic Prospects-2008'(GEP), the World Bank's annual publication, Andrew Burns, Lead Economist, Development Prospects Group and lead author of the report said for a developing country like India, making available the existing technology to common people was more important than introducing new technology and TATA Nano could be one of the best examples.

"This car may not match the technology of BMW as it is manufactured by keeping Indian conditions in view. It is organised differently as it is made specially for India. This is the best way to develop technology and best way to reach more people. This is what we are trying to advocate," he added.

Mr Burns said limited rural diffusion of technology was holding back technological progress in India, despite its standing of high-tech industries and pool of skilled manpower.

He said "Government should strengthen domestic technology dissemination channels as high priority and ensure that critical enabling services such as roads and electricity are widely available for even economic development."

UNI