For India to achieve high targets, entrepreneurs must focus on business knowledge, human resource management and trust, says Jagat Shah. An interactive programme on innovative approaches to `Make In India’ for the global market was organised by JCI, Mysuru at Terapant Bhavan on Friday.
Jagat Shah, founder and chief mentor of Cluster Pulse, an economic development agency, who is on a road trip to interact with industry, startups and aspiring entrepreneurs in the city, narrated the real life success and failure stories of Make in India, Skill India, Clean India (Swatch Bharat), Digital India, Smart India and Start-Up-India. He explained the innovative inter-linkages of all these six missions of the Government of India.
Shah said that for India to achieve high targets, entrepreneurs must focus on business knowledge, human resource management and trust. He stated that the ‘trust factor’ played a key role in building a new start up and India, Korea and Japan have the advantage of this trust in global market. “The Indian education system has lagged behind in producing students who can cater to the needs of the industry. The universities were producing the best students, yet many of them did not meet the needs of the modern industry,” he said.
There is an urgent need to bridge the gap between industry and the academia, both should be connected so that the students have a practical exposure he opined. He also stressed that India should also invest more on research and development, as it plays a key role in the development of a country,” he added. Providing statistics, he said that in 2005 -2006, the contribution of agriculture to the GDP of the country was 15.5 percent while the manufacturing industry and service sector have contributed 15.3 and 53.7 percent respectively. Reports from the year 2012-13 have revealed that the contribution of agriculture has come down to 11.6 percent. The government must take tangible measures to improve the performance of the agriculture sector, he said.
Jagat Shah, founder and chief mentor of Cluster Pulse, is seen addressing the participants at an interactive programme on ‘Innovative approaches to ‘Make in India’ for the global market’ held at Terapant Bhavan on Friday in the city.