Prospective entrepreneurs derive confidence

Meeting on entrepreneurship opportunities organised

TIRUCHI: Prospective women entrepreneurs could realise that it is motivation and commitment rather than the volume of investment that determines success in entrepreneurship ventures, during a meeting on entrepreneurship opportunities organised here recently by the Women Industrial Entrepreneurship Club (WIPEC) in association with R.K. Charitable Trust.

At the meeting to discuss opportunities in fabricating, machining, food processing, textile and other areas, they learnt how an industrial unit in Tiruchi that started off as a sub-contractor to the BHEL, Tiruchi, with modest investment could today emerge as a company with a turnover exceeding Rs. 150 crore.

Addressing the participants, V. Shankar, Joint Managing Director, Veesons Energy Systems (P) Ltd, who delivered the key note address, said the unit was started with an initial investment of Rs. 60,000. “We have huge orders and have set a turnover target of Rs. 250 crore,” Mr. Shankar said, expressing readiness to outsource jobs to interested women entrepreneurs.

Presiding over, G.M.Rajendran, Additional General Manager – Valves, BHEL, Tiruchi, said the power sector requirement was very high and that there will be enormous demand for the next two decades. Prospective women entrepreneurs were promised of guidance for setting up units by WIPEC that functions with support from the Chennai-based Micro, Small and Medium Enterprises – Development Institute, and the Vellore Institute of Technology.

Ramasamy Desai, Project Director, Periyar Technology Business Incubator, said that under the aegis of the project of the National Science and Technology Entrepreneurship Development Board of the Department of Science and Technology, Government of India, awareness programmes will be conducted for unemployed youths and women to start industries. The Periyar TBI, he said, promotes new innovations in herbal and food processing, and incubates projects by providing technology, space and necessary infrastructure. Financial assistance will also be arranged through banks for starting new units, Mr. Desai said, informing that the Periyar TBI will conduct skill-development programmes in all parts of Tamil Nadu alongside providing guidance to start industries.

BHEL Small Industries’ Association (BHELSIA) president Rajappa Rajkumar said that the BHEL, Tiruchi, was likely to announce ‘best performance award’ for tiny units run by women entrepreneurs under the Science and Technology Entrepreneurship Development project of the Department of Science and Technology, New Delhi, that was implemented by the Tiruchi District Tiny and Small Scale Industries’ Association.

Reference Link
http://www.hindu.com/2010/04/29/stories/2010042960790600.htm

Courtesy
The Hindu