Hyderabad, November 28: Prime Minister Narendra Modi in his speech at the inaugural session of GES mentioned how Indian women have been acquiring in Indian culture since long time back. The eighth annual Global Entrepreneurship Summit (GES) has started in Hyderabad from Tuesday. For the first time, it is being hosted in South Asia. It is being co-hosted by Government of India and United States. GES is the preeminent annual entrepreneurship gathering that convenes emerging entrepreneurs, investors and supporters from around the world.
What characteristic differs entrepreneurs from others?
An entrepreneur uses knowledge and skills to fulfill a motive. Entrepreneurs see opportunity in adversity. They try to meet felt needs by making processes more convenient and comfortable for the end user. They are patient and determined. The power to think differently and ahead of the times for the betterment of mankind is what sets entrepreneurs apart.
PM informed about Start-Up India programme which is a comprehensive action plan to foster entrepreneurship and promote innovation. It aims to minimize the regulatory burden and provide support to startups. Over 1200 redundant laws have been scrapped, 87 rules for FDI have been eased in 21 sectors, and several government processes have been taken online. The jump in India’s ranking in the World Bank’s Ease of Doing Business Report, from 142 to 100, in three years is a result of government’s business-friendly attitude.
Encouraging innovation and enterprise among Indian youth:
In his address, he also explained how Indian government is encouraging young entrepreneurs. NDA government has launched the “Atal Innovation Mission”. Government is opening Tinkering Labs in more than 900 schools to promote a culture of innovation and entrepreneurship among children. “Mentor India” initiative engages leaders to guide and mentor students through these tinkering labs. In addition, 19 incubation centers have been created in various universities and research institutions. These will nurture innovative start-up businesses to become scalable and sustainable.
PM also motivated young entrepreneurs calling them the vehicle of change and instrument of India’s transformation. He also invited investors across the world to invest in India and make in India.