Nano is very well-engineered: World Bank chief

New Delhi, Dec 6 (PTI) World Bank Group President Robert
Zoellick has expressed his fascination for the world's
cheapest car the Tata Nano, even as he cited infrastructure as
the major bottleneck for India's growth.

"I got into the car. I tried the back seats and the front
seats, saw the engine. That's a very impressive product," he
said about his encounter with the world's cheapest car at
Indian Road Transport and Highways Minister Kamal Nath's house
here.
Speaking to reporters on Saturday, the final day of his
four-day visit to the country, Zoellick said he is amazed with
the frugal manufacturing made possible by Indian companies and
that it shows signs of strength of India Inc.
"The low end is selling for about USD 2,000. I mean,
that's a very well engineered product and that's a sign of
something," he said. "Probably, most people in the car
industry thought it couldn't have been done," he added.
For a country that has been witnessing contraction in its
exports for the last 13 months in a row since the fall of
Lehman Brothers last year, small, fuel-efficient cars are
among the few that are registering a rise in exports.
Even the recent turnaround in the USD 1.2-trillion
economy with the second quarter GDP growth clocking 7.9 per
cent was led by the manufacturing sector that grew by 9.2 per
cent against 5.1 per cent in the year-ago quarter. MORE PTI MG
MYR


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