Here is an item of interest that I got from Reuben’s weblog.
Bajaj Auto’s 3-wheeler utility vehicles are about to be released in the US.
Now that is precious, ain’t it?
A number of interesting lessons can be drawn from that. First, and foremost, that Indian innovation is not something that can be easily dismissed. Indian firms can come up with solutions that have wide applicability. Second, that of learning by doing and the importance of a large domestic market for creating comparative advantage. Third, the need to think and act locally and then move to act globally. Continue reading