Posted by: David Rocks on October 5, 2008
I flew into Delhi on Saturday evening, and our correspondent here, Mehul, handed me a copy of that day’s Hindustan Times. I glanced at the front page, and was pleased to see an article about BusinessWeek’s Power 100. The Indian paper, of course, was most interested in the fact that two cricket heavyweights had made it onto the list!
On the same page, there was a more disheartening story, about Tata Motors abandoning its plans to build a factory to produce its Nano microcar (remember the $2,500 car?). Because of ongoing protests among local residents angry that they weren’t adequately compensated for their land, Tata chief Ratan Tata has decided to build his plant elsewhere—a decision that will likely delay the launch of the Nano. While there’s been plenty of finger-pointing on all sides and I won’t try to apportion blame here, the whole affair is simply a sad commentary on the continuing difficulty of actually getting things done in India.