New Delhi, Nov 17: India’s Minister for Skill Development and Entrepreneurship Rajiv Pratap Rudy has stressed 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 on Monday, 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.
He 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.
Rudy in the course of his address encouraged the young and budding entrepreneurs to consider the diversity in markets and aim at building solutions for the masses.
He said 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.
Quoting the World Bank Study which mentions that only 5168 patents were granted in India as compared with 172113 in China, Rudy urged young individuals to look at the challenges and build innovative solutions to address them. He reiterated his commitment in developing businesses and assured his full cooperation to any individual with an enterprising idea.
