By IANS
Chennai : Nano, the world’s cheapest passenger car at $2,500 from Tata Motors, will force others to innovate and bring down their prices, said Tamil Nadu Chief Minister M. Karunanidhi.
Inaugurating a conference here of entrepreneurs organised by the Indus Entrepreneurs, Chennai Chapter, the chief minister Friday said India has strength in innovation and the Tata Nano was an example of it.
“The Tamil Nadu government will provide financial assistance to foster innovative projects,” he said.
Referring to his government’s free television scheme that is drawing flak from some quarters, Karunanidhi said: “I want the younger generation to look beyond their huts and villages, and progress. Television is the window to the world.”
He said his government has signed 11 memoranda of understanding (MoUs) for investments worth Rs.110 billion ($2.8 billion) in the past 20 months.
Speaking at the function, his daughter and parliament member M.K. Kanimozhi, who is convener, Chennai Sangamam, said it was important to reach out to entrepreneurs and give them necessary recognition.