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The success of ‘Make in India’ hinges on entrepreneurship, according to Deepak Ishwarbhai Amin, Director, Central Board of State Bank of India.
Inaugurating a conference on ‘Make in India’, organised by MSNM Besant Institute of Postgraduate Management Studies, in Mangaluru on Friday, he said successful entrepreneurs relentlessly innovate. Initial innovation is neither necessary nor sufficient for entrepreneurs in today’s world.
Quoting a study report, he said a major portion of business ideas are not original. They are the modified ideas from other markets. He said that entrepreneurs should have open mind for change, and they should be decisive in their actions.
Stressing the need for entrepreneurs to become passionate and driven, he said they should have tolerance for ambiguity as they will be taking risks in their projects. There are chances of failures even after taking risk, he said.
To a query on the opportunities in agri-business sector, Amin said huge innovations are possible in this area. Urging the new-age entrepreneurs to take advantage of the opportunities in this sector, he said there is good scope for disruption in the agri-business sector.
Welcoming the gathering, Narayan K, Director of the institute, highlighted the objectives of the conference.
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