ENTREPRENEURSHIP PROMOTION, KEY TO POSITIVE DEVELOPMENT: EXPERTS

Ranchi: With technology available and incentives in place from the Government, experts feel that the time has come when entrepreneurship should be promoted in order to change the lives of millions. The shift is also important to realise country’s transition from a developing to a developed nation.

Speaking at ‘Road to GES’, organised on Wednesday jointly by the Department of IT and e-Governance in association with National Research Development Corporation (NRDC), New Delhi and Global Business Incubator India Private Limited (GBI), Ajay Kumar Singh, Secretary Higher Education, Government of Jharkhand stressed on encouraging youths in this direction.

“Youth entrepreneurship development is a proven strategy that positively impacts the lives of young people. Youth are the backbone of the society. It is important to aspire youths to become a job creators rather than job seekers. Government of Jharkhand will develop conducive ecosystem for the development of entrepreneurship culture in institute and promoting start up in the state. State Government is committed to provide cent per cent support to the upcoming and promising entrepreneurs,” he said.

Global Entrepreneurship Summit (GES)  is scheduled for November 28-30 in Hyderabad. Ivanka Trump, Senior Advisor to the President will lead the United States delegation to the summit. The theme of the program was “Fostering Innovation and Entrepreneurship among Academic Institutions” wherein IT Secretary Satendra Singh underlined the idea of startups.

“Startup culture is the need for inclusive growth and development of our State. It brings innovation, solutions of several problems, passion to pursue owns ideas and dreams. It will result in millions of job opportunities, increase Jharkhand’s GDP, economy generation and modernising the society at large,” said the Secretary.

He also added that the Government is undertaking firm stride towards building a robust business friendly ecosystem, which promotes innovation and nurtures entrepreneurial spirits. “Department of IT has undertaken a unique initiative of supporting and facilitating new ideas, plans, research and development and facilitate it with the various funds and incentives which are mentioned in the Jharkhand Startup Policy 2016,” he said further.

Also present there was IT Director Umesh Prasad Shah. “Jharkhand is one of the youngest States in one of the oldest countries of the world. We do define the era of youth and change. Jharkhand Startup Policy 2016 defines that State is leading the way in setting up an ecosystem. The Government is focused on providing the Startup with state-of-art infrastructure embedded with the plug and play facility along with program management capabilities.” He also mentioned that Government has signed an MOU with GVFL for establishing Rs 250 crore Jharkhand Venture Capital Fund to promote start-ups in the state.

NRDC Chairman Hanumantu Purushotham said that “Youths in India today have the conviction to venture out on their own. A conducive ecosystem allows their ideas becoming reality. In today’s environment we have more Startups and entrepreneurs than ever before and the movement is at the top of a revolution,” he said.

Though, the Chairman also underlined  the need for special focus on role of industry institutions in building future entrepreneurs and steps to be taken to promote innovation amongst the youth in the State. “The intention should be to motivate and develop orientation of faculty towards entrepreneurship. Government of Jharkhand and NRDC are willing to work in collaboration for improving the Strat up environment in Jharkhand and NRDC is more than happy to extend all the required support,” he added.

Source: Daily Pioneer