The ‘Make in India’ program will create a range of entrepreneurial opportunities

Prime Minister Narendra Modi will kick off the ‘Make in India’ campaign on the 25th of September 2014. About a 1000 global and Indian business leaders are expected to attend the function.

The government is making a huge statement, and leaders of the business world are taking serious note. This is because the government appears to not just declare intent, but give the confidence that it will support the intent with enabling policies and create an environment for a supportive eco-system to evolve.

For an industry or sector to flourish and become sustainable in any geography, an enabling eco-system is necessary. Things cannot work in isolation. In the technology hotbeds like Silicon Valley and Bengaluru, there is an eco-system of technology companies, service providers, successful entrepreneurs, mentors, accelerators & incubators, co-working spaces, legal firms, investors and potential customers.

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Likewise, for India to become a global manufacturing hub, which is the declared intent of the Narendra Modi government, it will need many supporting pieces to come together to create a conducive environment for manufacturers and customers to do business in.

And this opens up a significant range of opportunities for entrepreneurs to leverage. For example – hotels & hospitality, recruitment & training services, temp staffing solutions, technology solutions for the manufacturing sector, management services, packaging, storage, warehousing, supply-chain solutions, testing services, ancillary parts manufacturing, EXIM services, etc. – are just some of the few opportunities that come to mind.

Think of how the automobile industry spawns and creates opportunities for entrepreneurs – auto ancillary manufacturers are a prime example – which eventually becomes an eco-system supporting that industry. Look at Pune, Chennai and Gurgaon to see how one industry creates an eco-system that is serviced by entrepreneurs.

Often I see aspiring entrepreneurs think of opportunities only in the more celebrated areas like technology, e-commerce, healthcare, education, big data, etc. However, there are quite a few opportunities in other areas as well. Manufacturing is ripe for entrepreneurial inflection.

Students as well as professionals who have entrepreneurial ambitions will do well to think of opportunities in the manufacturing sector, or in services & solutions that support the manufacturing sector.

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Author: Prajakt Raut

Prajakt Raut is the founder of Applyifi.com, and author of the book for startups - ‘Starting Up & Fund Raising’ Prajakt personal goal in life is to encourage and assist a 100,000 people to become entrepreneurs. _____________ Prajakt is the founder of Applyifi - an online platform that provides startups a 36-point scorecard and assessment report on the venture's investment readiness [www.applyifi.com], and helps them improve their odds of getting funded. Prajakt is also the founding partner of The Growth Labs, a platform where growth-stage companies get sharp, incisive advice from senior professionals and experienced entrepreneurs. [www.thegrowthlabs.in] Before starting Applyifi, Prajakt was the head of operations at IAN, founding member of a leading incubator, and the Asia-Director for TiE (2004 - 2007). Previously Prajakt had co-founded Orange Cross, a healthcare services company, and was part of the founding team member of Idealake Technologies. While in college Prajakt had founded a printing business and has spent over 10 years working in leading advertising agencies. Prajakt’s book, ‘Starting Up & Fund Raising’, helps startups understand an investor’s perspective, and helps them improve their odds of getting funded. The book also helps entrepreneurs understand the building blocks of a business.

1 thought on “The ‘Make in India’ program will create a range of entrepreneurial opportunities”

  1. yes….the make in india has to go beyond the tag line to create products from inception to finish! although it is also possible that angels and VCs are still making conservative bets with the more probable profit-making sectors or domains, true antrepreneurs are born out of true risk taking investors too probably 🙂

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