Youths should show more courage to set up small scale and medium industry enterprises for contributing to the national economy, Industries Minister Elamaram Karim has said.
Inaugurating an investors' meet jointly organised by the Calicut Chamber of Commerce and Industry (CCCI) and the Hamriyah Free Zone Authority of Sharjah at Gateway Hotel here on Thursday, the Minister pointed out that the involvement of younger generation in nurturing new industrial ventures was not up to the mark.
“The majority of our youngsters are running after high profile jobs unable to recognise the vast opportunities in the industry sector,” he said.
He said the government was taking a number of initiatives to encourage new entrepreneurs and their ventures.
The lifetime achievement award instituted by the State government for honouring outstanding industrialists was just an example.
The Minister called for avoiding unwanted controversies related to development issues in the State. “If we want to attract more new investors, the development of basic infrastructure is a must,” he affirmed.
Rashid Al Leem, Director-General of Sharjah Seaports and Customs, was the chief guest.
He also made a presentation on global challenges before the small scale and medium enterprises.
P.K. Ahamed, chairman of P.K. Group of companies, was honoured at the function.
T.P. Ahamed Koya, president, CCCI, welcomed the gathering and T.P. Vasu, secretary, proposed a vote of thanks.