“60 – 70% of the economy is driven by the MSME sector and entrepreneurs play a key role in the creation of MSMEs for a robust growth of economy” said Mr S Gopalakrishnan, Past President, CII, Chairman, CII Start-up Council and Co-Founder, Infosys & Chairman, Axilor Ventures, at the Startupreneurs – CII Startup Conclave held in Chennai on Thursday.
Mr Gopalakrishnan said that the CII Startup Council has been formed with an aim to create a knowledge space, work with the State and Central Governments on framing the right policies for the development of the entrepreneurs in the country.
Speaking on entrepreneurship, Mr Gopalakrishnan said that the aim of entrepreneurs should be to create a profitable businesses with a long term vision for growth. Commenting on the external funding for Startups, he cautioned that only if there is a disruptive growth in business supported by patent, Startups can look for external funding.
Dr Rajendra Kumar IAS, Principal Secretary / Industries Commissioner & Director of Industries & Commerce, Government of Tamil Nadu said that the Government has been supporting the growth of entrepreneurs in the State through various policy measures such as ease of doing business, single window clearance for MSMEs besides a robust fiscal infrastructure. He also said that the Tamil Nadu Government would launch the Startup Mission with an aim to support the growth of Startups in the State.
Ms Vanitha Datla, Chairperson, Startupreneurs Forum, CII-SR & Vice Chairperson & Managing Director, Elico Ltd said, “Cultivating the Entrepreneurial culture and providing support to start-ups indeed forms the rock-solid foundation for a progressive economy and creating next-generation start-ups. She also said that Start-ups have to pre-advance their forecast on the skills required for the business at an advanced stage and develop a skill plan for their enterprise.
Mr S Chandramohan, Chairman, CII Tamil Nadu State Council & President & Group, CFO, TAFE Ltd said with the Government of India’s Start-up India initiative, CII has committed to facilitate and support a large number of start-ups across the country, who will eventually become the wealth creator and employment generator in the Indian economy.
The Conclave also featured Panel Discussions on topics like; Deep Tech Ecosystem – Challenges & Way Forward; Incubators & Accelerators: Value Proposition in Indian Context; Exit Dynamics for Startups: Exploring Exit Options & Opportunities and Plenary Sessions on Tapping Multiple Funding Sources for Your Startup: The Art & Science of fundraising for Startups and Marketing Mantras for Startups: Strategies to capture the Global Market in this Digital Era with the participation of eminent speakers drawn from various industry sectors.
1 August 2019
?Chennai