Need to inculcate entrepreneurial spirit

Need to inculcate entrepreneurial spirit

Hyderabad: Officials from central government institutions and other experts underlined the need for...

Hyderabad: Officials from central government institutions and other experts underlined the need for inculcating entrepreneurial spirit among youngsters in the country. They said lack of risk-taking attitude among Indians is the main reason for the country's inability to create more number of entrepreneurs when compared to other countries like the US. SME
Dr C Rani, Chief Administrative Officer, National Institute for Micro, Small and Medium Enterprises (ni-msme), who chaired the second and third sessions on 'Technology Upgradation and Productivity' as well as 'Entrepreneurship and Skill Development' at the one-day conference on 'Revitalising The SMEs' organized by the The Hans India here on Monday, said not many people in the country are keen to become entrepreneurs. "The entrepreneurship rate is just 15 to 18 per cent in the country, which is very less. This is so because we are culturally not able to take risks," she said B S Sastry, Aviation Engineer, who explained about business opportunities available in aviation sector, said that Indians should focus on high-end technology. "We have enough talent pool which is being used for multi-national companies. It is time Indian entrepreneurs are also in high-end technology segments such as aviation and aerospace," he said. C Radha Rani, Founder, Vijayawada-based RR Sports, urged the government to encourage industrial sector in the State. "We should develop more and more industrial clusters in AP so that more number of SMEs will come up thereby creating more employment opportunities," she added. G R Akadas, Director, MSME Development Institute, explained about various schemes offered by his institute for development of MSME sector in the country. "Besides several innovative schemes, we also extend financial help to MSMEs in acquiring information technology and obtaining ISO certifications," he said. U Venkatachalapathi, DGM and Centre Head, NSIC Technical Services Centre, while discussing about various training programmes undertaken by the centre, said that the centre has been offering 20 varieties of courses which focus on electronics, electrical, mechanical and computer technologies.
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