• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy
• Books
• Gallery

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

K. Ananthan

The President of the Southern India Engineering Manufacturers’ Association, Mr Jayakumar Ramdass, at a BL Club meeting at Sri Krishna Institute of Management in Coimbatore. —

Our Bureau

Coimbatore, Sept. 6 Entrepreneurship is not something inborn or natural but should be acquired and one should learn from the success stories of others and look at everything objectively, according to Mr. Jayakumar Ramdass, President, the Southern India Engineering Manufacturers’ Association (SIEMA), Coimbatore.

Though the impact of global recession is felt in India too, it was cushioned by the country’s strengths such as a strong agricultural economy and predominantly youthful population that drives its demand growth even as the rest of the world seems to be ageing.

Speaking at the inaugural function of the Business Line Club at Sri Krishna Institute of Management (SKIM) here, Mr Ramdass said though the students may have great ideas about starting business, they should have start-up capital or back-up income since it takes time for any business to stabilise. It is also important that they are self-motivated and are not looking for guidance if they are self-employed since “the buck stops with you”.

To be a successful entrepreneur, students should be willing to “eat, breathe and sleep” their business. What is important is the family backing for their venture. They also should be passionate about what they are doing since their own conviction in its success is of paramount importance. Mr Ramdass said India’s GDP growth is expected to be 6.7-7.5 per cent during the current year compared with 9 per cent growth recorded in the three previous years. While the agricultural sector is looking at a 3 per cent growth, the manufacturing sector’s growth is put at 5.5 per cent to 6.5 per cent and that of the services sector at 9-10 per cent.

But when the SKIM’s freshly-minted MBAs pass out in two years, the Indian economy would be on a growth path as “we have seen the bottom of recession and things will not go worse any further” and students would have extraordinary opportunities which they “have to encash”.

Students should have a clear goal about what they want to become once they are out of the portals of education, be prepared to do hard work and broaden their knowledge, perseverance to overcome obstacles, punctuality, dedication and honesty.

Mr Ramdass urged students to utilise the opportunity provided by Business Line that would bring guest speakers and facilitate industry-academic interaction. Dr R. Krishna Kumar, Director, SKIM, Mr D. Rajkumar, Regional General Manager, The Hindu, Coimbatore and Dr. K. Sundararaman, Principal, Sri Krishna Arts and Science College, Coimbatore, also addressed the meeting.

More Stories on : Education | BL Club | Entrepreneurship | Tamil Nadu

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2009, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line