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Skills linked Entrepreneurship to be the Key for development: Rudy

By Niranjan Mudholkar,

Added 17 November 2015

Emphasizes on the necessity for young individuals to venture into the domain of entrepreneurship.


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Addressing a gathering of young entrepreneurs and representatives from the Industry and Start up ecosystem, the Minister of State (Independent Charge) for Skill Development and Entrepreneurship, Rajiv Pratap Rudy highlighted the significance of linking skills with entrepreneurship to enable a constructive framework bridging the existing gap between skills and employment.

Delivering the keynote address at the launch of the Global Entrepreneurship Week organized by the 10000 Start Ups Initiative of the NASSCOM, Rudy emphasized on the necessity for young individuals to venture into the domain of entrepreneurship as well as for the existing entrepreneurs to mentor the enterprising ideas.

Reiterating the paradigm shift caused by the Start Ups in the United States of America, he mentioned that technological advancement and digital connectivity would essentially be the key to entrepreneurship and economic development.

The Minister further underlined the change in markets led by the upcoming start-ups that have provided an easy experience for customers in almost all sectors including real estate, travel, electronic goods, fashion, health, automobile etc.

Sharing the enterprising example of a young man who has developed a convenient mechanism for people in rural and remote areas to access the range of products in the market through technology, Rudy encouraged the young and budding entrepreneurs to consider the diversity in markets and aim at building solutions for the masses.

Highlighting the importance of creating entrepreneurial linkages to skills, he suggested that while the Government is working towards facilitating a more friendly environment for small scale entrepreneurs through ease of business processes and convenience in access to funding through MUDRA and other financial scheme, the Venture Capitalists and Angel Investors in the industry should also realize the significance of up scaling small scale businesses and promote them through mentorship and expertise in the domain.

(Continued on the next page)

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