Speech by Indian Ambassador at Business Meeting in Asuncion

This is an interesting speech by the Indian ambassador in Paraguay:

"...The economy of India in the last few years is growing at a rate of 8% or 9%. In spite of the global crisis, in 2009 the economy of India grew at a 6%. This year is going to grow 8%.

This is not going to be a miracle of 1 or 2 years. The economy of India is going to sustain this growth in the decades to come...."

Speech of the Indian Ambassador to Paraguay, Argentina and Uruguay at a Business Meeting in Asunción, Paraguay.

Translation and subtitles by Encyclomedia http://www.ecam.co.in

Social Sense and Inspiration

Following one's inspiration and likings is a very important part of being an entrepreneur. Without it, would be quite difficult to enjoy our work and we would not be able to continue in this task which is not easy and requires a lot of perseverance.

Dr. Carlos Llano's life, who expired a few days ago, is quite inspiring and exemplary. From being bed ridden for one year as a tuberculosis patient, to becoming a doctor in Philosophy, then getting to be a manager of a very successful company... following his likings (Philosophy), his skills and what he had learned in his business life, got to found one of the best Business Schools in Mexico.

Encyclomedia's team translated this video-biography and added the subtitles in English.



Don't miss out his message for business-men: "Social Sense".

Encourage entrepreneurs... an ad from Hindustan Times

On Sunday morning while cycling from Goregaon to Santacruz (where I live), I saw this billboard of Hindustan Times. At that moment I didn't stop to take a picture because was in a rush. But today I saw it again at a bus stop and finally did it.



I think it is a wonderful ad with a great logic. If we really want to solve the jobs issue in Mumbai it has to be done by creating more employment, and the best way to do that is by encouraging entrepreneurs to work harder and better. Helping them so that their work is more efficient in creating new businesses and companies that will generate more jobs.

This will also help more people to take the leap to be entrepreneurs themselves.

Entrepreneurship incubators

During my College days here in Mumbai (just a few years ago) I was glad to see in the last year that something started moving in an Entrepreneurship cell. It was perhaps not very much: I remember going with it to visit an Entrepreneur in Mahim and perhaps a few other things were organised. But it was the beginning of something which I hope would expand greatly.

And now I am happier to see that it has grown quite a bit. In fact, this week they have had a wonderful event which I hope has a lot of success. Unfortunately, I got tied up with work and won't be able to attend any of the sessions (as I had said I would), but I am sure they will be very well conducted and a wonderful help for the to-be Entrepreneurs coming out of Engineering Colleges. This of course, was part of the E-Week celebrations that have been going on across the country.

At CRCE (my College) they had the following events:

9th Feb: Seminar on how to make a business plan.
10th Feb: The College Chef Competion
11th Feb: Business Quiz Competition

Also, today I read another interesting piece of news, the Science and Technology Minister Prithviraj Chavan said yesterday that "Every university have to have a incubator,", referring to the business incubators that the Government is going to start supporting across the country, aiming at increasing the number of entrepreneurs.

He said:
"There are over 5,000 incubators in the world. Of them, nearly 1,400 are in North America. Over 1,000 are there in China. Their number is only 40 in India,"

Source: Press Trust of India

India, Mexico to discuss feasibility to free trade pact

The Economic Times published on Tuesday 26th of January 2010, in its printed edition a very short article which is quite interesting for people like me that are in the business between India and Mexico:

India and Mexico would discuss the feasibility for a free trade agreement in May to boost two-way trade, a senior Mexican official said on Monday. A high-level joint group on economic and financial matters would have its second meeting in May to discuss the FTA among other matters, the Mexican ambassador to India, Jaime Naulart, said here. "It is at a very nascent stage and we are looking at the feasibility of such an agreement," he said during an interactive session with members of the Indian Chamber of Commerce. Addressing the members of the chamber, Naulart said Mexico saw the FTA as one of the tools to solve the country's economic problems.

This Free Trade Agreement would be a wonderful opportunity that we must take advantage of when it comes. I hope the information will be easily available soon!

The Entrepreneurship Process. Block #1

I received the link to this video through a group of Mexican Entrepreneurs in LinkedIn. It is an interview with Mrs. Silvia de Torres Carbonel, the Director of the Entrepreneurship Centre at I.A.E. the leading business school in Argentina. It is in Spanish, but offer below a few notes in English in a point format.

• The Entrepreneurship process is a process started at an individual level, i.e. in the person.
• It is an attitude, not a characteristic of the person.
• It takes you to be alert for opportunities, enthused about them.
• The enterprise is born in the heart, mind... and hands of the entrepreneur. Which need to be able!
• The entrepreneur is a person that generates employment.
• Entrepreneurship is the key for generating employment, especially in developing economies like ours (referring to Argentina, but also applies to India and Mexico, of course)

A successful entrepreneur is:

1. A person that is open.
2. A person extremely flexible in the execution: we don't always have all the resources, we must get them.
3. Knows how to leadership the starting organization.
   

This is the first of 3 blocks.