Tofamiliarize the budding entrepreneurs on challenges and highlight theincreasing nature of reforms in Entrepreneurship, Amity College of Commerce andFinance (ACCF) started a two day International Conference on “Impact ofEmerging Trends in Entrepreneurship: Focus on Digital India, Start up Stand UpIndia Initiative” at University Campus, Sector-125, Noida
Mr.Anil Khaitan, Sr Vice President, PHD Chambers of Commerce and Finance; Mr. S PSingh, Genera Manager, Small Industries Development Bankof India (SIDBI); Dr. (Prof.) Gurinder Singh, Amity Group Vice Chancellor;Dr. (Prof.) Balvinder Shukla, Vice Chancellor, Amity University Uttar Pradesh;Dr Sanjeev Bansal- Dean- FMS and Dr. Sujata Khandai; Dy Dean(Academics) &Officiating Director-ACCF, Amity University were present during theinauguration
Welcomingthe gathering, Dr. (Prof.) Balvinder Shukla said that Indiaproduces around 50 lakh graduates every year but employability remains a majorchallenge. She mentioned that earlier, it was believed that entrepreneurshipcannot be taught as it is self integrated in a person but now a days, most ofthe institutions have academic curriculum based on entrepreneurship. Sheapprised that entrepreneurship is a powerful drive for economic growth and havepotential to improve economic environment, hence, Amity encouragesentrepreneurship amongst the students and also supports their innovative ideasthrough Amity Innovation Incubator.
Addressingthe gathering, Mr. Anil Khaitan, Sr Vice President, PHD Chambers of Commerceand Finance said that industry academia linkages are important as it helpsto train the budding professionals as per industry requirements. He apprisedthat it is important for entrepreneurs to identify the need of society anddevelop an idea which fulfils that need, only then one can be a successfulentrepreneur. He further added in early years, entrepreneurs were not providedwith much freedom to run business but the face of economy and entrepreneurshipchanged after Liberalization in 1991 as there were more new opportunities forgrowth. Mr Khaitan said, “The ability to take action swiftly in any kind ofsituation reflects the quality of a good entrepreneur. The real test is howlong will an individual last in business after realizing the hardships ofjourney to establish a start up.” He pointed that the business will succeedwhen it moves from funding model to revenue model and the new ageentrepreneurs’ need to focus on same.
Sharinghis views, Mr. S P Singh, Genera Manager, Small Industries Development Bankof India (SIDBI) said that initially, people were not very keen to leavea high-paying job for a startup but now, India is witnessing a major growth inentrepreneurship. He mentioned that a business tends to succeed if its is basedon ethics otherwise it won’t last long and have a strong revenue model to raisefunding. He mentioned that the Government of India has taken variousinitiatives to support startups with the objective of creating a robustecosystem for promoting innovation and attaining long-term economic growth,resulting in large scale employment opportunities. Mr Singh apprised that afterthe announcement of Start Up India Initiative, thousands of start ups haveapplied for funds but only those were considered who had innovative ideasthat could be commercialized and add value to the customers. He advised thebudding entrepreneurs to keep themselves abreast with the market trends whichwill aid to develop a successful business plan.
Duringthe inaugural, “Amity Journal of Commerce and Financial Review” was released bythe delegates.
Theinauguration was followed by plenary session on Dynamic and New Trends ofEntrepreneurship moderated by Dr. Harsh Kumar, Joint Convener – ICACCF 2017,Amity University.During the second day of the conference, varioustechnical sessions would be conducted to deliberate upon various topicsincluding “Microfinance: issues, perspective and challenges ine-business”, “Entrepreneurial skill development and work environment inbusiness management”, ‘International Best Practices for Corporate/Entrepreneurs” and “Forecasting and Statistical Analysis in Business” amongstothers followed by paper presentations