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Builders, Politicians Cheer Affordable Homes in India
Mumbai: A recent state government lottery for about 4,000 low-cost apartments in Mumbai drew more than 430,000 applications, underlining the need for affordable housing in a country where housing is also a top election issue. Political parties of all hues have seized on affordable homes as a vote getter in India’s ongoing general election, plugging in to the frustration of millions priced out of a real estate boom fuelled by a robust economy and a six-year bull market. Devel...
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- Uncategorized
- Region
- South Asia
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In the Nano’s Headlights
The Nano has more than lived up to its nickname — the people’s car. Judging by reports that the car has attracted bookings of close to a million, the market has now confirmed that the car has been a stupendous achievement for Tata Motors and its chairman, Ratan Tata, who conceived of just such a vehicle and marshalled his forces to deliver what most auto-makers had declared would be an impossible task. It is a tribute to India’s achievements in low-cost innovation that the g...
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- South Asia
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NGO Nurtures Vision Entrepreneurs Through ’Business-in-a-Bag’ Concept
For Rama Devi, a seamstress in Mahabubnagar, the Rs 1,000 a month that she earns through sale of her handiwork was insufficient to support her husband and two children. Her husband, who worked in agriculture, endured long gaps of unemployment. Today as ‘vision entrepreneurs’, they together earn about Rs 5,000 a month. They recently made their first major investment – a motorcycle – which they use to reach more villages to host eyecare campaigns. Rama Devi is one ...
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- South Asia
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Middle Class Accounts for Bulk of Urban Spending
The bottom of the pyramid is the buzzword that has captured the hearts and minds of academics and marketeers alike. Though large in numbers, the consumer spend by this segment is quite low. What we find is that it is the middle bulge of expenditure by the middle class that accounts for the bulk of India’s urban consumer expenditure. About 61% of total urban income comes from households that can be classified as middle class—earning be-tween Rs75,000 and Rs5 lakh a year.
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- South Asia
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Striking a Balance Between Profit and Philanthropy
Bangalore: In December 2005, when Anant Kumar set up a hospital offering maternity and childcare services in Hyderabad targeting low-income customers by pricing services at about a quarter of what other hospitals charged, it was an instant success. Set up as a pilot 25-bed facility by a trust run by India’s largest condom maker, Hindustan Latex Ltd, the facility addressed a need that is felt all over India: affordable mother and child healthcare. But when Kumar decided to expand t...
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- South Asia
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Design is Not Only for the Elite
When Pradyumna Vyas took over the charge from Akhil Succena as director of National Institute of Design (NID), he had already set a roadmap for taking the design institute to a global platform. Armed with a masters in design from the Indian Institute of Technology (IIT) Bombay, Vyas has an experience of 25 years in the field of design and has been the principal designer at NID before taking over as its head. In an exclusive interview with Vinay Umarji and Chitra Unnithan, Vyas shares his futu...
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- South Asia
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Lessons from a frugal innovator
ENTER the main cardiac operating-room at Bangalore’s Wockhardt hospital on a typical morning, and you will find a patient on the operating table with a screen hanging between his head and chest. On a recent visit the table was occupied by a middle-aged Indian man whose serene look suggested that he was ready for the operation to come. Asked how he was, he smiled and answered in Kannada that he felt fine. Only when you stand on a stool to look over the screen do you realise that his ches...
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- South Asia
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Third-World Stove Soot Is Target in Climate Fight
KOHLUA, India — “It’s hard to believe that this is what’s melting the glaciers,” said Dr. Veerabhadran Ramanathan, one of the world’s leading climate scientists, as he weaved through a warren of mud brick huts, each containing a mud cookstove pouring soot into the atmosphere. As women in ragged saris of a thousand hues bake bread and stew lentils in the early evening over fires fueled by twigs and dung, children cough from the dense smoke that fi...
- Region
- South Asia
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