Perhaps, it has been consigned to oblivion that Indian merchants roamed the world, and were, inarguably, the best for many centuries.
Prior to the advent of the East India Company, India had the best ships in the world. But, as history reveals much of the entrepreneurial activities were first stolen, and later destroyed by the British. After Independence there was tardy progress, thanks to the government policies to empower this key sector.
The only silver ray of hope, however, has been the emergence of successful entrepreneurs powered by the economic liberlisation in the early 1990s.
India has a potential to create myriads of young entrepreneurs that will help flourishing of a huge number of enterprises. The sector is in dire need of reorientation, efficiency, quality, marketing support and finance management.
Time is ripe to harness this innate human strength to revolutionise the spirit of entrepreneurship in India and the world at large. A study shows that the India ranks second (after Thailand) in TEA (Total Entrepreneurial Activity) Index in terms of number of people involved in entrepreneurial activities (India: 17, China 12 [global average], USA11 and Japan 2). It is not just the economic, political and social structure of India that influences this index, but more significantly many Indians are also genetically and traditionally entrepreneurs.
The NGI will chalk out practical means and future course of action to create and support millions of entrepreneurs to inspire pioneering innovations and game-changing business ideas and models to create a greener, healthier and happier earth.
Taking a cue from these facts, the NGI has been working on its Global Entrepreneurship Development Project to identify, train and support a large number of potential young Indian entrepreneurs, who are capable yet lacking proper resources and support to launch their own startups.
In a bid to realise this long cherished dream, the NGI Foundation is working with a team of experts to impart training and also scouting for potential new business concepts and models, which can be replicated in India. A grand futuristic project on these lines will enable a large number of young entrepreneurs with the following tangible advantages. It will be a natural progression from job dependency to self-sufficiency, joblessness to a stable career, job creation for many, a positive impact on the economy, eradication of poverty and social unrest.
Job creation will lead to a quantum leap in direct spending that will, invariably, trigger a “ripple” effect in the economy through business-to business transactions.
If such a project can be taken up in a large scale, it will not only transform the economy but also live upto the cherished dream of “Shining India”.
The project, though, requires a tremendous amount of resources both human and financial, knowledge, expertise and experience. The NGI believes that global Indians would come forward in support of our initiatives in a big way. It plans to organise a Global Business Summit in NewYork in spring 2011.
The NGI, with the help of leaders from various sectors, will chalk out practical means and future course of action to create and support millions of entrepreneurs to inspire pioneering innovations and game changing business ideas and models to create a greener, healthier and happier earth.
This event will have three distinct sections: A Global CEO Summit and VC Summit, a Global Entrepreneurship Summit and a Global India Business Summit, which will be attended by dozens of business leaders and successful entrepreneurs, investors and VCs to meet and guide many entrepreneurs and aspirants.
