I would like to add one more essential point, in addition to what has been said: India needs a reliable,efficient & easily accessable communication system to support Broadband connection throughout the country. Presently it is limited to metros & bigger cities only. Good ideas could emerge from villages as well. Ofcourse a good formal education is necessary to articulate it to attract venture capital.
Back in 2004 I have approached the NSRCEL in IIM Bangalore to incubate my venture. The NSRCEL was managed by a CIO who is scrutanized for pocessing the applications. Eventually soemwhere in Dec there was event to showcase the BP and selected my plan get the funding.
It was a mega event with the industry's leading participants along with NASSCOM president. The morning session was dedicated for the speech and discussions etc while the afternoon was scheduled for Business Plan presntation.
After the morning seesion I have approached the COO to allow me the slot for the presntaion. His comment was "You are being invited to just to see those eminent speakers and participants, You don't have the right for the presnetation". When I argued my part with the right to presnt my plan he shouted at me as: "You still have to reach to a level to show before the eminent panel list". At last as a last resort I have told him that I would like to talk to Mr. N.S. Raghavan who was 5 meters way from us he just come and blocked the way and ordered me that: "I am the authority here; Either you don't present or get lost from here".
We talk about the racial discrimination and the other forms of sezing around te world on our coutrymen. But what you call these kind of discrimination?
RE:Discrimination
by Kyon Bataon on Aug 05, 2007 12:42 PM Permalink
Dear Mahesh, It seems u r on the same boat as mine. Don't loose heart, as I haven't ... fight along, after sometime these suckers will let u move on ... Wish luck.
RE:Discrimination
by Vijay Beleri on Aug 05, 2007 11:15 AM Permalink
and easi desi.. you have better english than ambani.. and see where you are.... not knowing good english has nothig to do with starting a business.... so easy desi.... dont comment, discourage people for such flimsy things.. else all english teachers would be excellent businessmen... mahesh.. all the best... keep trying.. i am a first generation businessmen.. doing ok for 8 years now... you will find a lot of uch frustrating experiences.. this is only the beginning.. you will encouter worse.. be prepared
RE:Discrimination
by mahesh on Aug 05, 2007 02:03 PM Permalink
Dear Easy Desi,
The fundemental problem of some of our countrymen is very much reflected from the answer you have posted. Instead of being introspective on the content, people want to comment/ judge on the presntation or what appears them most.
I would like to add more content to my posting. I have strted the software shop in 2006 Apil and approached a nationalized bank under CGTSI scheme for Four lakh ( 1 term loan 3 overdraft). The manager has given the assurance and assured the sanction of the loan after geting the green signal from Regional office.
As per his advice I hav opened the Current Account in July 2006 and start operating the account. In the last 13 months I have visited the Managers(s) 60-70 ( three managers transferred) times; nonetheless, my application is still lying on their desk.
As far as the VC's are concenrned they not only support seed stage comanies but provides funding to the growth stage comanies. One insider told me that they are here to provide the proximity ( People don't have to travel to US).
I am still running my company with customers payment and through the finacing from Private financiers and the borrowing from friends.
Recenly in NDTV profit Business leadership award ceremony Finance Minister has assured to the top class Business leaders that he would assit all therir requirement wheteher it is accessing capital, reach differnet market or the policy changes. Can the waanna be enterpresneurs can accept the same kind of assuran
Every person has the instinct to do something different and great. But you should do your homework before taking the plunge. To be an entrepreneur what you need is an idea. Equipped with an Idea and a sound system in place you can make wonders! We have succeeded in business as we had a great Idea and a strong system called TRADEANNEX to support. We have grown many folds.
RE:Be prepared before the plunge!
by Hanish Sundar on Aug 04, 2007 05:20 PM Permalink
I completely agree with samir Please visit http://www.tradeannex.com/
Barriers to entry in business are few now and support system better equipped. India's problem now is to raise success rate from dangerously low 60%.Huge NPAs reflect the problems of competence.The father of entrepreneurship programs in India, Dr. VG Patel's recent book, When the Going Gets Tough" should become a bible for aspiring and established entrepreneurs for success and growth.Engines of growth without steam cannot pool the economy....Viharidas
