Women Entrepreneurs
on Make in India Opportunities & Challenges
Women Entrepreneurship Development is an
essential part of
Human Resource Development.
As per 1991 census, only 185900 women accounting for
only 4.5% of the total self employed persons in the
country were recorded.
Majority of them are engaged in the unorganized sector
like agriculture, agro based industries, handicrafts,
handlooms, and cottage based industries.
The major problems faced by Women Entrepreneurs:
Socio-cultural and Psychological Barriers –
Women’s family and personal obligations act as a
great barrier or obstacle for succeeding in business career.
Financial Constraints - Women entrepreneurs suffer
from shortage of finance.
Women generally do not have property on their names
to use them to obtain funds from external sources.
Marketing problems - Lack of market and marketing
information is another serious problem.
Managerial Constraints - Illiteracy and lack of skill
development is a major problem faced by women entrepreneurs.
Last five decades have seen phenomenal changes
in the status and work place diversity of Women in India.
A Woman Entrepreneur is confident, innovative
and creative woman capable of achieving self economic
independence individually or in collaboration
generates employment opportunities for others through
initiating, establishing and running an enterprise
by keeping pace with her.
Major Strengths of Women Entrepreneurs:
Emotional bonding - is the important quality, their
emotional attachment with their employees
is a key to success.
Tolerance Level- Women have immense potential in this
respect, have more elastic nature and attitude.
They never get impatient in taking decisions especially
during crisis.
Networking - Women have excellent skills in managingrelationships. Women can successfully and quietly keepaside the trouble-shooters in the Organizations.
The glass ceilings are shattered and women are found
indulged in every line of business from
3 Ps of Pickles, Powder and Papad to 3 Es
of Engineering, Electronics and Energy.
Making waves, Prime Minister Narendra Modi’s
Manufacturing dreams for India have a vision to put the
country in the big league.
Mr Modi launched MUDRA
(Micro Units Development and Refinance Agency) bank
under the Pradhan Mantri Jan Dhan Yojana and said
it will fund the unfunded small entrepreneurs.
Mr.Modi, while speaking at the launch, stressed on the
need to strengthen savings habit in the country.
"We need to increase employment opportunities
in the nation ``he added’’
The recent financial budget presented by the Finance Minister,
Mr.Arun Jaitley appears to be very promising for young
entrepreneurs with the INR 10,000 crore startup fund
Announced among other things.
The Government of Karnataka is aiming to make Karnataka
the unequivocal IT innovation and startup capital in the world
by drafting a new Startup Act, the first of its kind in the country.
IIT-Bombay e-cell is one of the largest business incubators
of the country set up in an educational institute.
It invests up to INR 5 lakh crore with employment generation
for 20 lakh people.
The Gujarati Entrepreneurial DNA and the high
investment & deal-making potentials are key
reasons which make the state’s ecosystem
extremely attractive.
Under the leadership of Mr. Narendra Modi when he
was the Chief Minister of the state, Gujarat has set up
a world class Center of Excellence in Entrepreneurship
& Technology with its own incubation center.
The centre is guided by an advisory council led by
Mr.N.R.Narayana Murthy
Tamil Nadu is known as the “Detroit of India”
as it hosts the manufacturing centers of the
big International Automobile Companies
like Ford and Hyundai.
National Manufacturing Competitiveness Programme
in Which the Government has launched an
all India campaign for the MSMEs, which has ten specific
components aimed at improving their processes, designs,
technology and market access.
The ten components of the scheme are as under:
1.Building awareness on Intellectual Property Rights for MSMEs
2.Scheme for Providing Support for Entrepreneurial & Managerial
Development of SMEs through incubators. Enabling Manufacturing
Sector to be Competitive through Quality Management
3.Standards (QMS) and Quality Technology Tools (QTT)
4. Mini Tool Rooms under PPP mode
5. Marketing Assistance/support to MSEs (Bar Code)
6. Lean Manufacturing Competitiveness Programme for MSMEs
7. Promotion of Information & Communication Tools (ICT) in Indian
MSME sector
8. Design Clinics Scheme for MSMEs
9. Marketing Assistance and Technology Up gradation Scheme for
MSMEs
10.Technology and Quality Up gradation Support to MSMEs
All the ten components have been operationalised
and the guidelines of the scheme have been notified.
MSE-Cluster Development Programme (MSE-CDP)
The details of the scheme guidelines are available on the web
site www.dcmsme.gov.in.
National Board for MSMEs –
The Government has set up for the first time
a statutory National Board for Micro,Small and Medium
Enterprises so as to bring together the representatives
of different sub sectors of MSMEs along with policy makers,
Bankers, trade unions and others.
In order to move towards cohesive development of the sector.
The deliberations and directions of the National Board
will go a long way to guide and develop enterprises
in this sector - to become more competitive
and self reliant.
Technology Up gradation Initiative –
The purpose of this initiative is to facilitate
adoption of state-of-the-art technologies by SMEs
with the objective of enhancing their quality,
Competitiveness and innovativeness.
The first phase included SMEs in the
agro-processing, packaging and
precision instruments sectors.
Connecting Ideas, People
and Practices-
Start-Up Forums brings Industry experts,
VCs, Angel Investors, Entrepreneurs and
Students together to identify new
Entrepreneurial Opportunities,
exchange ideas, interact and network.
Here are some of the Entrepreneurs who have taken the path less
trodden, accepted all challenges and have only one way to
go…….
Parul Gupta is the Co-founder of Slide Rule. She has worked with IBM
research and holds a degree in electrical engineering from IIT Bombay.
Slide Rule is a product that helps people discover the best online
courses in every subject.
Priya Maheshwari is the Co-founder of Properji to inject trust,
transparency and professionalism Into property transactions in India.
Jayshankar is the Managing Director of Empowered Learning Systems
Pvt. Ltd. which focuses on Consulting, Training, and Organization
Processes & Coaching. A Certified Management Consultant (CMC)
with nearly 30 years’ experience in industry.
Recognizing the need to go beyond information technology (IT) as a key
foreign exchange earner.
Mr.Modi flagged Financial Services, Tourism, Arbitration and
Entertainment as sectors that hold enormous potential.
Citing the experience in IT and yoga the Prime Minister
recognized that the role of the Government should be minimal
and should be that of a facilitator.
But a key theme of his speech at the Global Exhibition on
services was to move away from the fear of brain drain to an
era of brain gain where India could be a major player.
After the Make in India’s campaign to boost domestic manufacturing
the government has now launched an ambitious service sector thrust
not just to earn more foreign exchange but also to meet local
requirements including that of the industrial sector
Mr. Modi Pitched India as a potential hub for international arbitration with
changes in law and said the country had chartered accountants and
lawyers and should not fear competition. He called upon for revamping
archaic rules to enable the services sector to expand globally.
As a country there is a need to think of multiple layers of services which
can be exported to the world. India has the potential to emerge as a
international financial centre on the lines of Mauritius and Singapore
In the budget the finance minister Mr.Arun Jaitley announced Gujarat
International Finance Tech-City GIFT for which the SEBI and the RBI
have worked out revised rules.
Mr.Modi pointed to the need for strong intellectual proprietary rights (IPR)
regime to help India emerge as a base for the Global Entertainment
Industry
India’s Services exports are estimated at a little over $150 billion
which account for around 50% of the annual merchandise
exports, IT and IT enabled services contribute to a larger part of
exports. But services account for over half the share of the
Indian economy.
There is an immense scope in the services sector. India’s
human resources is our biggest strength. A detailed exercise to
map sectors where India could emerge as a leading global
player and also identify gaps across the world, where Indian
services could fill in the coming years.
Several initiatives such as setting standards and beefing up
infrastructure for sectors such as health care are on the anvil.
To increase competitiveness through reforms and promote quality
services the commerce department is working on an ambitious reforms
agenda for services and this is being pursued through an inter-
ministerial mechanism, commerce and industry according to Minister
Smt. Nirmala Sitaraman.
Now when we look at banking sector HDFC bank offers cheaper loans
to women, where in the country’s largest housing finance company has
cut the lending rates for women borrowers by 5 basis points to 8.85
from 8.95%.
The new Multilateral Financial Architecture and new Trans-national
corridors project are a both a challenge and an opportunity for India.
Imagine China’s clout within India if AIIB owns or manages India
located projects such as the Bangladesh-China-Myanmar-India
corridor and many internal industrial corridors has been planned by
Mr.Modi with foreign funding.
The opportunity for India then is to influence and partner both AIIB and
the nascent BRICS bank on favorable terms.
Infrastructure is the focus of the BRICS bank too but so is sustainable
development.
Developing countries including India can seek financing for climate
change technologies, environment protection, affordable drugs and other
technology based public service delivery solutions.
This will leverage India’s IT prowess and Brazil’s sustainable
development experience.
Knowing the economic cycles are predictable, an economy moves on an
upward growth curve and then as per law of economics faces a
downward curve.
The world today is keen to understand the impact of dynamic leadership
that can lead an economy on exponential growth path and also undertake
bold macro-economic measures to cut short the downward cycle.
A new classic case study here is one of the Indian Economy.
The fortunes of the Indian growth story are being steadied by a
seemingly pro-reformist government built on a plain majority mandate.
As global investors look at investment opportunities with new wave of
optimism, Mr.Modi’s Make in India initiatives are seen as a LION ‘S
STEP to move ahead and attain new heights in manufacturing sector
and provide jobs to youth of India by new Government.
Launched in September 2014 Modi government has put the Make in
India initiative at the heart of the government and does not see it as a
mere slogan or an invitation but government’s federal responsibility
Even Submarines to be made locally as we will be having gains and
grants to this sector. P75 of Rs.60,000-Cr will be the last order from
abroad and has been decided that after P75 all future submarines will
be of our own design and will be made in India
To contribute its bit Power Grid Corporation of India a Navratna
Central public sector enterprise has declared its intent to become
pro Make in India initiative with consistent stride towards
development of technologically advanced electrical equipment.
Another belief is that India would be the largest Renewable
Energy market and solar would be the Prime Focus.
The size of the solar market is expected to touch $ 150 billion
and India would need a supply chain
The government is targeting 100000 Mw in the coming years.
Indigenous manufacturing would grow as no Government wishes
to spend billions on importing.
The government is targeting 100000 Mw in the coming years.
Indigenous manufacturing would grow as no Government wishes
to spend billions on importing.
If incentivized solar stands to benefit the most from the Government’s ``Make in
India ‘s programme’’.
Companies emerging on Renewable Energy Sources:
A team of officials from renewable energy Company Greenko met with Telangana
Chief Minister K Chandrasekhar Rao and expressed their interest in setting up 800
MW capacity by 2018. According to a statement from the Chief Minister’s Office,
the Greenko team requested the State Chief Minister to facilitate in getting the
necessary land for the proposed renewable energy projects in the state.
Biomass – Orient Green Power
-The Company currently operates Eleven biomass plants and one biogas plant
with 106 MW in Tamil Nadu, Maharashtra, Rajasthan, Telangana and Madhya
Pradesh to become the largest renewable energy producer in India.
In the state of Telangana award was given for outstanding performance in
promotion of renewable energy. Prime Minister Narendra Modi presented the
award to state's Energy Minister Jagdish Reddy during the inaugural ceremony of
Renewable Energy Global Investment Promotion Meet and Expo (Re-Invest). The
state added 809 MW of renewable energy capacity during the four years.
The Andhra Pradesh Government Proposes Rupees 1
lakh crore Hydro Carbon Cracker Project in
Machilipatnam,
The AP Government has approved the project ADB to
fund 1 billion in Vizag, Chennai, Corridor project,
number of Industrial parks townships, roads and
infrastructure between the 2 port cities
The AP Government and Wal-Mart formed a task force
to source various agricultural commodities. Cold chain
linkages would be set up and logistics would be
required to transport the commodities to cold storages
and also to retail points.
Local logistic companies are going to have big
Business Opportunities.
Amitabh Kant, Sec’y department of Industrial policy
and promotion said Daimler is a great example of
Make in India- for the world!
Daimler India Commercial Vehicles Plant at
Oragadam near Chennai has reached 90%
localization for its 4000 parts to support domestic
supplier base. DICV has localized 45% of the parts
within a radius of 300 km from the plant
Daimler has invested 4000 crores, has 2500
employees in Tamilnadu and aims to Make in India
a low cost export Hub for its trucks. German
Investment at its best
We have to learn lessons from countries like Japan the 2nd
largest economy how it went into deflation and recession
and now bouncing back with trade surplus as car exports
and electronics have picked up
Exports are an important drive of corporate earnings and
eventually translate into higher salaries for workers and
stronger consumer spending.
Retention of Existing Industries - The Government
needs to identity substandard products that Indian
Companies make and work on how it can improve the
quality.
At the current price the Sugar Business is not sustainable
so that the Government must do whatever is required to
take prices up otherwise the industry will die, resulting in a
loss to the rural heartland because of the involvement of
many Cane Farmers
India Ranks as the world’s 2nd largest Milk
producer and 6th largest Egg Producer. An
exercise on restructuring and infrastructure
facilities of these two industries also to be
focused by our Government.
The Government is targeting a 30% increase in
investment spending in 2016, this is the most
crucial drive for India’s growth in the coming
years.
There may be a likely Rate Cut, More IPO,
Export Growth, Government direct investment,
US federal moves and other global factors
continue to drive volatility in Indian equities.
I’ve come to believe that each of us
have a personal calling that’s as unique
as a fingerprint and that the best way to
succeed is to discover what you love
and then find a way to offer it to others
in the form of service,
working hard, and also allowing the
energy of the universe to lead you …..!
Thank You
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