Speakers at the two-day TiEcon Kerala 2012 strongly advocated entrepreneurship to generate more employment opportunities.
Speaking at the valedictory session, Roopa Purushothaman, Managing Director & Head-Research, Everstone Capital Advisors, pointed out that India’s growth trend remains higher compared to China.
Indian economy is emerging in size with the income level of middle class increasing. With income level rising, so does the consumption. By 2015, more people will fall under the middle class category.
While the Government cannot provide jobs to all in the future, it is imperative for every individual to seek their source of income by entering the entrepreneurial segment, she said.
Ashoka Rao, Chairman, TiE Global, in his presentation – ‘Entrepreneurship - a wrap up- mistakes made- lessons learned’ said the entrepreneurial virus has affected the participants who attended the conference, and that the lessons learned through the journey of entrepreneurship could become a passion if we understand the commandments of entrepreneurship.
He urged the participants to be passionate, intellectually ruthless and track mistakes, not success,
Stressing the need to identify entrepreneurial opportunities in each sector, Rajesh Nair, V-P, Markets, Ernst & Young, said there is a need for a strong economy to move forward.
He said the concept of mentoring should be institutionalised and the Government should set up a Ministry for Entrepreneurship.
Murali Gopalan - Chairman Mentoring Committee, TiEcon Kerala, called for the generation of new wealth from the entrepreneurial endeavours. John K. Paul, President, TiE Kerala, said TiEcon would be a yearly event in future.
He also indicated that TiE Kerala would forma seed fund to help entrepreneurs.