The Indian economy underwent a radical change due to globalization in the late nineties. Entrepreneurial, etc., were not in the vocabulary of the middle class because of the protected, narrow, uncompetitive market system and licensing. The teaching was to cultivate a contented attitude that should be kept forever. This attitude was reflected in the field of art, sports and literature.
The nineties brought about a sudden radical change in the field of education and career. Just as the whirlwinds of globalization have inevitably changed in other areas, the old ones that were protected have been uprooted, the ones that are sustainable have survived, the one that has learned to grow has taken on a new meaning in the field of justice. Alternatives to the traditional system began to emerge. The smart student came out of the narrow mindedness and started dreaming of his lofty goal. “Goal setting” became the password. This fishy incarnation of intelligent students could not play a role in the education system of India, so naturally the attention of these intellectuals was “turned away”, ie going abroad. In the new millennium, this emigration spread like an epidemic. There was shouting about “brain drain”, but no one begged for a fight. Now the world is truly united. The rate of globalization has shaken the above system and the mentality of Indians. The telecommunications and information technology revolution gave a new dimension to the new generation. The impending wealthy situation did not deprive her of the life of tomorrow, but the ambition of how to subdue Lakshmi through this Saraswati after acquiring knowledge remained. Research and resources began to evolve to implement market-oriented innovations. Also, the economics began to change to give it a concrete form. Computerization, digital technology has made the e-commerce business flourish. Instead of cultivating a profit-oriented attitude, crores of capital investments were made by entrepreneurs who did not have the background of any industrial house. Google, Amazon, Alibaba, Snapdeal, Flipkart are some of the examples whose market value is huge. In the service sector, new entrepreneurs are seeing many opportunities. It was a matter of urgency to provide funds to these entrepreneurial dreamers to implement their new ideas. Many questions arise when supporting these nascent promoters by taking risks while building an industry on the strength of imagination alone. The response to investment can only be obtained by considering the infrastructure required for production and distribution, skilled manpower, continuity in research, monopoly, long-term policy and government support. Success can be achieved if there is a ability to transform the idea into value. The government needs to provide “industrial creches” for such entrepreneurs. Affordable housing technology, 24-hour clean water and energy supply, environmentally friendly solid waste management, dairy business, agribusiness, processing, storage and distribution of perishable goods, as well as space for new entrepreneurs in the health sector. It will be possible to come up with new ideas by coming up with new ideas to solve the problems facing the Indian society. Neelkanth Jagdale, the father of Indian-made foreign whiskey, breeds high barley in the foothills of the Himalayas, ferments it in special copper pots, and then pours it into imported wooden pipes to make singlet malt whiskey in India. He named this drink “Amrit”. Such examples will be a beacon for entrepreneurs. The challenge of doing a lot of work in this field can be accepted using the traditional and empirical knowledge of Indian agriculture. Rahibai Papore from Marathwada opened a seed bank and revived the endangered crop species. This example also shows the power of a unique and uneducated but wise woman power. Entrepreneurs can transform into opportunities by finding strengths in such diverse fields; It can be a means of empowering women and the underprivileged.
Foreign investors will be found for market-oriented new businesses and industries, and Indian entrepreneurs will be at the forefront of money and value addition, along with the satisfaction of the common Indian man.

Sunil Mahuli
(From article by entrepreneur Deepak Ghaisas)

2 comments to “The movement of nascent industries”

You can leave a reply or Trackback this post.
  1. online - December 10, 2020

    Excellent article! We are linking to this particularly great post on our website. Keep up the great writing. Lanae Emmit Paviour