Entrepreneurs Organisation (EO), Coimbatore, presented the “Entrepreneur of the Year 2011” award to K. Mahesh, managing partner of RmKV Silks here on Friday.
Presenting the award at a function held at Taj Vivanta Surya, Ravi Sam, Chairman of CII Coimbatore, said though the country faced bottlenecks, especially on the infrastructure front, its economy was growing at about eight per cent. India was a land of several opportunities. Entrepreneurs should also contribute to the society as they developed their businesses.
Receiving the award, Mr. Mahesh said RmKV was 87 years old and had won two national awards for thematic sarees. In modern retailing, customer experience was important. Its focus in Coimbatore was on customer experience.
D. Balasundaram, chairman of Coimbatore Capital, spoke on corruption and entrepreneurship. He said corruption was a hurdle to entrepreneurship as it was a barrier to entry, increased the cost of entry and led to delays.
Vikram Mohan, president of EO – Coimbatore, said the EO was founded in the U.S. in 1987 and currently had over 8,000 members in 120 chapters in 40 countries. It came to India in 1997 and now had 10 chapters with 650 members.
The Coimbatore chapter was a year old and had 28 members. Some of the main activities of the organisation were forums, global student entrepreneur award, accelerator programme, member-to-member exchange programme, health network and education programme.