Yediyurappa unveils Xcelerator Bengaluru to boost women entrepreneurship
By IANS |
Published on
Wed, Mar 10 2021 23:27 IST |
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Bengaluru: Defence Minister Rajnath Singh with Chief Minister of Karnataka BS Yediyurappa, Union Minister DV Sadananda Gowda, Bipin Rawat Chief of Defence Staff, Karambir Singh,Chief of the Naval Staff of the Indian Navy and others during inauguratio. Image Source: IANS News
Bengaluru, March 10 : Karnataka Chief Minister B.S. Yediyurappa on Wednesday unveiled Xcelerator Bengaluru to help women entrepreneurs grow across the state. The Xcelerator Bengaluru initiative will help 50,000 women entrepreneurs across the state to grow their business over the next 3 years, said Yediyurappa on the occasion.
Xcelerators key for women entrepreneurs to scale business - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Ludhiana: The six-month-old ‘Xcelerator Ludhiana - Sadda Karobaar, Punjab Di Shaan’ business accelerator programme has started yielding results for the entrepreneurs, who have signed up for the programme, and is paving the way for the participants to become local success stories.
The programme led by the government of Punjab, Chamber of Industrial and Commercial Undertakings (CICU) and Global Alliance for Mass Entrepreneurship (GAME) is aimed at catalysing the growth of businesses in Ludhiana.
“After the first session of Xcelerator with customers, I was able to strike better conversations with my end retail customers and got new orders by talking about my products and my business value proposition. This has helped me scale up my business in a short period,” said Siddhant Pruthi of Robin International, associated with the programme.
Synopsis
There have been many factors that aided the growth of Chinese SMEs, including strong cultural advantages and a sharp focus. India too can replicate a similar model to accelerate MSME growth.
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In order to activate the growth cycle then for SMEs in India, it would be imperative to have more cities and towns where ecosystems exist to amp up the sector.
Each year there are about five million SMEs more in China representing a 10% year-over-year growth rate, projects database company Statista. Contributing over 60% to the GDP and accounting for 80% of jobs in China, the number of SMEs in the country is estimated to be over 38 million.
To Spur Entrepreneurship Among Women, Improve Ease Of Doing Business indiaspend.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiaspend.com Daily Mail and Mail on Sunday newspapers.