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10 $ supercheap computers developed in India at IIT

The computer is developed by the Indian Institute of Technology, Chennai, and the Indian Institute of Science, Bangalore.

Forget MIT's $100 laptop, "cheap" netbooks, and other crude attempts at making the computer affordable. Here comes the mother of all low-cost computers.

At Rs. 500(approx. 10 $), the upcoming, yet to be named, nano computer is set to be the cheapest computing device ever. Designed for students, the Government is supposedly readying a prototype of the device to be showcased at Tirupati on February 3, 2009. India's Human Resource Minister Arjun Singh will reportedly unveil the device.

The nano computer has been jointly developed by the IIT (Indian Institute of Technology), Chennai, and the IISc (Indian Institute of Science), Bangalore. The production of the device, however, has been handed over to private firms. It remains to be seen if this project manages to move past the "prototype" phase to actually end up in some assembly line.