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NEW DELHI: The Delhi Management Association (DMA) in association with the International Institute of Entrepreneurship and Technology (iCreate), Ahmedabad and the DTU-DCE Fraternity Forum recently conducted the first webinar of a series under the theme “Atmanirbhar Bharat“. The topic under discussion was “How to convert Technological Innovation into a Successful Start-up Business”, especially in the post Covid era.
The topic holds great relevance in today’s time, particularly for the students, young engineers and innovators. The government of India also has its focus in this direction.
The webinar drew overwhelming response and the participants included members of the DMA, students of Delhi Technological University, many faculty members and budding entrepreneurs.
Dr Yogesh Misra, president, DMA mentioned that while globalisation was the norm before the Covid-19 pandemic, many countries of the world realised it’s risk particularly in the healthcare sector and started looking inwards, focussing on creating local manufacturing capacities.
Navneet Kumar Sharma, chairperson, government, industry-academia interface committee of DMA and founder president of DTU-DCE Fraternity Forum emphasised the need for making Indian manufacturing and services sectors cost competitive to achieve the objectives of “Atmanirbhar Bharat”.
He further mentioned that to achieve competitiveness, the sectors need to enhance their production/operational efficiencies as well as cost efficiencies.
“These efficiencies in turn depend upon the cost of capital, efficiency of labour market, skill level of the workforce, economies of scale and innovative product/ service design and production/ services delivery processes etc,” he said.
However, at the root of these efficiencies lies innovation – innovative product design, innovative production processes and other technological innovations. Innovation is the key factor that drives both production/ operational efficiency as well as cost efficiency. Therefore, technological innovation plays a very important role in making any country self-reliant.”
Sharma further said that government of India has taken several steps to make these sectors as well as agricultural sector cost competitive e.g. reclassification and enhancement of the limits for MSMEs, disallowing global tenders upto Rs 200 crore, abolishing Mandi Act and giving farmers the freedom to sell their produce anywhere in India, financial support of lakhs of crores of rupees to various sectors of economy through various schemes etc.
“The clarion call given by the Prime Minister to be ‘Vocal for local and Make it Global’ will help our manufacturing and services sector in achieving economies of scale and thereby reducing costs. The enhancement of limits of classification of MSMEs will further help these enterprises in achieving economies of scale and be competitive,” he said.
Anupam Jalote , CEO, iCreate conducted an interactive session on the topic of webinar. Jalote, a hands-on entrepreneur himself, who also had a successful innings in the corporate sector, gave insights and took a variety of questions from the participants.
The key takeaways from Jalote’s session can be summed up as: the objective of any innovation is to solve a problem in a profitable way, the success of any business depends on giving value to the customers, an innovator must get customer’s views before spending too much time and money on perfecting a product or service technically and the product/ service must have the market fit, meaning that customers should find your product or service price competitive and at the same time giving more value to the customers, among others.
The topic holds great relevance in today’s time, particularly for the students, young engineers and innovators. The government of India also has its focus in this direction.
The webinar drew overwhelming response and the participants included members of the DMA, students of Delhi Technological University, many faculty members and budding entrepreneurs.
Dr Yogesh Misra, president, DMA mentioned that while globalisation was the norm before the Covid-19 pandemic, many countries of the world realised it’s risk particularly in the healthcare sector and started looking inwards, focussing on creating local manufacturing capacities.
Navneet Kumar Sharma, chairperson, government, industry-academia interface committee of DMA and founder president of DTU-DCE Fraternity Forum emphasised the need for making Indian manufacturing and services sectors cost competitive to achieve the objectives of “Atmanirbhar Bharat”.
He further mentioned that to achieve competitiveness, the sectors need to enhance their production/operational efficiencies as well as cost efficiencies.
“These efficiencies in turn depend upon the cost of capital, efficiency of labour market, skill level of the workforce, economies of scale and innovative product/ service design and production/ services delivery processes etc,” he said.
However, at the root of these efficiencies lies innovation – innovative product design, innovative production processes and other technological innovations. Innovation is the key factor that drives both production/ operational efficiency as well as cost efficiency. Therefore, technological innovation plays a very important role in making any country self-reliant.”
Sharma further said that government of India has taken several steps to make these sectors as well as agricultural sector cost competitive e.g. reclassification and enhancement of the limits for MSMEs, disallowing global tenders upto Rs 200 crore, abolishing Mandi Act and giving farmers the freedom to sell their produce anywhere in India, financial support of lakhs of crores of rupees to various sectors of economy through various schemes etc.
“The clarion call given by the Prime Minister to be ‘Vocal for local and Make it Global’ will help our manufacturing and services sector in achieving economies of scale and thereby reducing costs. The enhancement of limits of classification of MSMEs will further help these enterprises in achieving economies of scale and be competitive,” he said.
Anupam Jalote , CEO, iCreate conducted an interactive session on the topic of webinar. Jalote, a hands-on entrepreneur himself, who also had a successful innings in the corporate sector, gave insights and took a variety of questions from the participants.
The key takeaways from Jalote’s session can be summed up as: the objective of any innovation is to solve a problem in a profitable way, the success of any business depends on giving value to the customers, an innovator must get customer’s views before spending too much time and money on perfecting a product or service technically and the product/ service must have the market fit, meaning that customers should find your product or service price competitive and at the same time giving more value to the customers, among others.
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