Young entrepreneurs in the country are finding it difficult to mobilise funds for their ventures. Their problems are compounded by the lack of proper mentoring. These are two major challenges that future corporate leaders are facing.
“If the demographic dividend that gives India a distinct advantage over other rising economies, is to be reaped, they have to be brought up through a concerted effort by the government, industry bodies and other stakeholders”, said CII Young Indians national chairman D.N.V. Kumara Guru.
Sharing his views on entrepreneurship and the challenges facing India Inc. during his recent visit to the city, Mr. Guru, who is also Director of External Relations at the Indian School of Business, Chandigarh, said one thing that has happened for the good of corporate sector was the creation of the Ministry of Entrepreneurship (headed by Rajiv Pratap Rudy) and added to it was a formal allotment of Rs 10,000 crore for start-ups.
The fact that an exclusive ministry was created to address the concerns of entrepreneurs demonstrated the Central government’s commitment to improve business environment.
The global attention was riveted on India mainly because of the Make in India campaign that the Prime Minister launched for reviving the manufacturing sector which played a second fiddle to services.
“Introduction of entrepreneurship in undergraduate curriculum will equip young entrepreneurs with the requisite skills and instil in them the confidence that they have the raw talent that can turn adversities in their favour, what is needed is expert guidance”, Mr. Guru asserted.
Menace of corruption
Mr. Guru observed that the CII Young Indians devoted considerable time to curbing the menace of corruption not through protests but by spreading awareness of its consequences through its youth affairs vertical Yi Yuva.
“We give the students case studies that give them a peek into the ethical dilemmas that people face in getting things done, and come out with ideas to check bribery”, Mr. Guru said adding that they had enough of preaching.
