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In Praise of Jugaad Innovation

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In the last two weeks two automobile CEOs have used interesting adjectives for Indian manufacturing. Carlos Ghosn, CEO of Renault, on his trip to India said… "We have come here to try and implement principles of what we call frugal product planning and frugal engineering. You are not going to learn these by reading, you are going to learn them by practicing with somebody who is doing as a way of doing."

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