Confederation of Indian Industry (CII) President Adi Godrej stressed the need for vigorous promotion of entrepreneurship at a time when economic growth was faltering at sub-five per cent level.
There was a need for simplifying regulations, given the fact that the country had been ranked 132 by the World Bank when it came to starting businesses. “The situation needs to dramatically improve,” he said.
He was participating at the CII’s southern region annual meet here on Saturday.
Union Minister of State for Commerce and Industry D. Purandeswari said the role of entrepreneurs should not be confined to setting up enterprises, and they should strive to build capacity, generate jobs and income as well. According to her, the current state of under-development was mainly due to lack of adequate entrepreneurs.
“The problem is that we do not stretch ourselves enough. But the current entrepreneurs are ready to take the plunge,” she said.
During the meet, entrepreneurs were given awards for their innovative solutions.
Hyderabad-based Atin Promotions & Advertising Pvt. Ltd. Managing Director Atin Gupta has been selected for the Emerging Entrepreneur Award 2012, which is instituted jointly by the southern regional council of the CII in association with The Hindu Business Line.
Mr. Gupta was among seven other entrepreneurs who received the award during the CII’s southern region annual meet. Another Hyderabad-based venture, Great Sports Infra Pvt. Ltd., headed by Anil Kumar S, was given the award for its next gen artificial grass for sports and landscaping. Entrepreneurs Phanindra Sama of the Karnataka-based RedBus.in and Ruchika Gupta, founder of Borderless Access Panels, figured among the awardees selected from 400 nominations received for the year. Other awardees were Innoz Technologies Chief Executive Officer Deepak Ravindran, MobMe Solutions Co-Founder and Chief Operating Officer Vivek Steve Francis and Chennai-based Taiyo Feed Mill director R. S. Prabhakar.
At the meeting, B Santhanam, Managing Director, Saint-Gobain Glass India Ltd, was elected as the Chairman of CII—Southern Region for the year 2013 -14. Navas Meeran, Chairman, Eastern Treads Ltd was elected as the Deputy Chairman.