Session on Startups opportunities and challenges at Jaipuria Institute

Lucknow | The Executive Education Department of Jaipuria Institute of Management, Lucknow in association with the Indian Industries Association on Saturday organized a session on “Make-in-India/Uttar Pradesh & Start-ups: Opportunities and challenges”.The speakers for the event were Mr. Manish Sinha, General Manager, SIDBI;Mr. PeeyushVerma, IFS, Managing Director-PICUP, Special Secretary – Infrastructure and Industrial Development, Govt. of UP; . Yawer Ali Shah, Co-Founder & CEO, AMA Herbal Group of Companies;  Vivek Ladhani, Managing Director, Brindavan Bottlers Pvt. Ltd.;  Nipun Madan, Stock Expert; and Rajat Mehra, Partner, Rajat Chemical Industry. Mohit Suri, Chairman, Indian Industries Association introduced the guest speakers of the session to the audience.

Dr. Kavita Pathak, Director, Jaipuria Institute of Management, Lucknow in the inaugural speech said “There cannot be a better time to bring this well-versed panel as the students in the first year are studying a course on Entrepreneurship. I researched high-tech start-ups and the statistics show that almost 9 out of 10 start-ups die. The job of the entrepreneur in a country has to be understood in multiple layers and one of the main layers is wealth creation. Creating entrepreneurs is like creating jobs. Jobs create a stable workforce that is going to multiply the benefits for the entrepreneur eventually. 50 plus unicorns in a single year from this country are the testimony of the power of brains and the power of correct business modeling and converting an opportunity into a commercial venture. what we have on the panel is a powerful combination of people who come from traditional businesses, and manufacturing setups, and people who are in the experienced domain of consulting”.

Yawer Ali Shah, Co-Founder & CEO, AMA Herbal Group of Companiessaid “If you see whatever you plan, you plan on the resources available to you, and the largest resource that India has is its population. Today if you see UP, we have a population of more than 22 crores which includes a large number of people of employable age. When the resources are strong we need to utilize them. As a future educated professional, you have a huge responsibility on your shoulders. Innovation doesn’t just happen by the product but it also happens by the market the way you choose innovation doesn’t have any limitations. So my message to you is the vision should be clear, and when the vision is clear the pathway will come to you, there is nothing that can stop you, if you are confident.  There are 3 Ns I believe in and you should too, they are Neeyat- What you want, Neeti- How do you want to achieve it, Niyam- If you make a neeti and follow it as a rule, there is nobody that can stop you from getting success”.

 Nipun Madan, Stock Expertsaid “We are reaching a level where we are not only saying Make in India but make in India for the world. Make In India is a way to create a lot of opportunities as far as jobs are concerned. Love your start-up, don’t fall for other materialistic things, create jobs, and help the country”.

 Rajat Mehra, Partner, Rajat Chemical Industrysaid “Make-In-India and Make-In-Uttar-Pradesh are two different things. One is a very asset-heavy model and the other is a very asset-light model. You have to make up your mind based on your resources, and skillsets, and based on your financial resources as well. one of the biggest qualities for an entrepreneur has to be to find opportunities in adversities”.

Two quizzes on the topics “Start-ups” and “Entrepreneurship – Challenges and Opportunities” were conducted during the event and Cash prizes were rewarded to first and second-position holders.

The event included a Panel discussion based on questions collected from the students and an Open House Interaction with the Incubates, Students, Faculty, and Staff.

The event concluded with a vote of thanks by Ms. Anandi Agarwal, Chairperson of the Women Help Wing at IIA.

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