Category: Business motivation

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Business motivation

5 Steps to start a Honey Business in India

honey business

With more and more people becoming health conscious, honey seems to have replaced sugar in most Indian households, restaurants, and cafes. And just like Winnie-the-Pooh, the Indian entrepreneurs are excited at the mere mention of its name and willing to dip a finger into the sweet honey business idea.

When Kolkata-based Aayush Sarda came with a startup ‘Sweetness of Ethics’ to aid the victims of cyclone Amphan to the source, package, and market the pure honey, no one expected its success. His enterprise is now selling 1,200 bottles every month.

The apiculture or honey bee farming business in India is a growing trend. It can either be done as a standalone commercial honey bee farm or can be easily integrated with crops to increase the yield to make some additional profits from the honey business.

If you are a beginner and have a desire to start your own business, honey bee farming can be a brilliant idea.  Here are some of the best tips that will help you to start your business:

  1. Start Early in the Season

Starting a honey business in India will bring profits only when it is started at the right time. To get the full nectar from the flowers, a beekeeper should begin his venture early in the season. Though apiculture can be started in any season, as honey bees are fond of warm weather, the spring season is ideal for honey business in India.

  1. Get your List Ready

Beekeeping requires a lot of things, so it is important to prepare a list. From Beekeeping equipment to Honeybee varieties, make a list of all the things that you might require to have a hassle-free process.

  1. Pick high-yielding Bees

Anyone who is thinking of starting a honey business wants good honey yield. It is always a great idea to research well on the type of bees and which one you should pick. For beginners, it is good to pick Apis Dorsata or the Apis Indica-the Indian Bee. These are the most common Honey Bee species in India and hence, perfect to start the honey business.

  1. Begin with Nucleus Colony

It is common to be a little unsure when starting a new business. Hence, it is better to start with a Nucleus Colony. Starting with a Nucleus Colony will provide a clearer picture about beekeeping and a better understanding of bees.

  1. Pay a visit to Bee Hives Every 7-10 Days

Beekeeping is different from regular farming. There are different issues that you will have to deal with. Issues like lack of flowers, pollution, crops, and radiation are killing bees. Hence, you must pay a visit once, every 6-7 days to keep tabs.

Beginners should keep things simple in the early stages. Do not expect a high yield of honey in the first year. Learning is a process! Continue practicing and acquiring knowledge based on your first attempt and apply it the second time.

However, not all are born with entrepreneurial skills like Aayush Sarda. But as we said you can gain knowledge from top industry experts. Join our Everything about Entrepreneurship course to know more. Click here https://www.badabusiness.com/?ref_code=ArticlesLeads

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Business motivation

February 2021 Shubh Muhurat Dates: Lay foundation for New Business venture on these auspicious dates

auspicious days February 2021

Whether you are planning to start a factory setup or a business startup, every aspiring entrepreneur, solopreneur and wantrepreneur want to be successful in a new project. A right beginning can make things easy and smooth, especially when you are starting a new business.

Starting a new business, opening an office or a shop on an auspicious date can bring fortunate luck, prosperity, success, and growth to the business owner.

In Hindu culture a Shubh Muhurat holds significance. A shubh Muhurat means an auspicious time that is based on the calculations and positions of the planet in the solar system. Based on these astrological calculations auspicious dates are decided.

Starting a new factory set-up or a business on a Shubh Muhurat date will keep the hurdles at bay, ensuring the success of your business. The month of February 2021 is predicted to be immensely auspicious for the shop-owners, entrepreneurs, and solopreneurs who want to lay the foundation of their new startup.

Here is a list of all the auspicious dates in February 2021 on which you can start your dream business startup:

14 February 2021– The 14th February this year is falling on Sunday and is considered to be auspicious. There are two Shubh Muhurat timings from 7.30 AM to 8.57 AM, and 10.22 AM to 06.27 PM.

18 February 2021– The 18th of February is Thursday and is a perfect day to do the inauguration of a shop or a factory setup. The auspicious timings begin from 10.06 AM to 11.41 AM, and 01.37 PM to 06.12 PM.

19 February 2021– The 19th of February is Friday and the shubh muhurat starts from 07.07 AM to 11.37 AM.

25 February 2021– Considered to be extremely auspicious, the 25th of February is Thursday. You can lay the foundation of your new business between 03.24 PM to 05.44 PM.

27 February 2021– 27th Feb is Saturday and if you are planning to open a shop, it is the perfect time to do it. Do the inauguration of your shop from 01.01 PM to 07.54 PM.

28 February 2021– The last day of the month is falling on Sunday and the best time to start your business is from 07.18 AM to 11.02 AM.

The above-mentioned dates in February are extremely auspicious according to astrology. So, plan the start of your venture around these auspicious dates and take your first step towards success, growth, and wealth.

 

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Business motivation

How to Start a Coffee Stall Business Under Rs. 20000

coffee stall

Mornings are incomplete without a coffee. And it is no secret that we Indians love our morning brews. Whether you have to rush for a morning meeting or manage your household chores, a hot cup of coffee gives a great start to our mornings.

According to a report published in Economic Times, India is now the world`s 10th fastest growing market for specialist coffee and tea retail chains. The industry is estimated to grow 6.9% a year to Rs 4,540 crore by 2023 in value sales’.

The industry has gained popularity, especially among young consumers. Specialist coffee shops attract youth, especially in large cities. So, if you are planning to open a coffee stall business in 20K, it would be a perfect time to do it.

Opening a coffee shop can be profitable and a self-rewarding business. So if you are a young entrepreneur who wants to become financially independent, open a coffee stall business.

Here is a step-by-step guide to help you come up with a brilliant coffee shop business plan:

  1. Choose a Coffee Stall Business Model

Having the right business model is paramount for any startup business. Hence, you will have to decide which type of business you would like to start. You will have to zero in on whether you want to come up with a small coffee stall or a café.

A small coffee stall business sells low-cost tea to the customers along with snacks. Depending on your investment capacity, you can decide whether you also want to provide seating arrangements to your customers. You can use disposable cups and provide snacks like omelets, toasts, and other snacks.

This is a low-cost coffee shop business idea and can be started with as low as Rs 20K.

  1. Franchise or Ownership

In urban as well as cities in rural areas, the demand for coffee has gained popularity. A lot of companies are now offering franchise business opportunities to new entrepreneurs, solopreneurs, and wantrepreneurs.

If you want to start a coffee and snack stall with a brand, then a franchise is the best option for you. Why? Because an already established brand will attract customers since the very first day.

However, if you want to start your own coffee stall business under Rs. 20,000, then starting your own business is more profitable for you.

  1. Select a Location

The next thing that you must do after deciding the business model, you will have to find an apt location for your coffee stall. The choice of location can be the deciding factor between success and failure.

  • Always select a place which is located in a busy market or shopping area. This will ensure you get high footfall throughout the day.
  • The location should also be easily accessible by the consumers. Your selected place must also possess great visibility too.
  • It is very important to understand your target audience. You can then choose your location accordingly.
  • The location should be affordable too. It is best to choose a place for your coffee stall business that is easily affordable. Also, check the lease fluctuation patterns of the past few years.

 

  1. Business Registration & License

Most of the coffee stall businesses in India run as proprietorship models. If you too are planning to follow the course, your PAN card is sufficient for that. You will also need a Trade License from the Local Municipal Authority.

  1. Go Online

With a nominal investment, you can sell your coffee online on the internet. If you do not have enough funds to advertise, you can use the power of social media platforms.

The online presence of your brand on popular networking platforms like Facebook and Instagram can help to build your brand`s reputation.

Opening a coffee stall business in India is one of the most popular business ideas. However, it also needs a great deal of market research and business planning. You can learn the dynamics of business, challenges you might face, and solutions in advance to make your business successful with our Problem-Solving Courses.

Want to start your own coffee stall business? Click here: https://www.badabusiness.com/psc?ref_code=ArticlesLeads

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Business motivation

3 Brilliant low-investment Online Businesses to Start Now!

onlline business

Have you lost your job recently or want to quit your dead-end job to follow your dreams of starting an online business? If you can feel yourself nodding, then keep reading!

The Indian startups of today are the MNCs of tomorrow that can go a long way in achieving the goal of ‘Astmanirbhar Bharat’, Prime Minister Narendra Modi said, after laying the foundation stone for the permanent campus of IIM-Sambalpur in Odisha through video conference.

According to a report published by Forbes India, ‘the Indian startup ecosystem flourishing rapidly, with more than 25 startups becoming a billion-dollar company and joining the Unicorn club.”

Now, when the growth is so phenomenal, it is an excellent time to start your online business. But firstly, it is very important to understand that your perfect online business idea should consist of three things:

a). It should be something you like doing

b). It should be something you are good at

c). and it should be something that is in demand and you get paid for it.

So whether you already have a business idea, or are confused about it, worry not! We have curated a list of 3 low-cost online business ideas that you can start this year:

  1. ONLINE BOOKKEEPING

Just like so many other professions, even bookkeeping has gone online. If you are an accountant or a college student who is good with numbers, you can start offering your services online to companies. All you have to do is set-up a client account and manage it online.

  1. LANGUAGE TRANSLATOR

Despite the technology taking the front seat, the demand for skilled translators is soaring high. It is one of the best online business ideas that do not require any investment. All you need to do is build your profile online on various sites that are looking for translators.

  1. AFFILIATE MARKETING

Being an affiliate marketer can be profitable if you know about digital marketing and blogging. Affiliate marketers earn commission on sales by promoting the products of other people. Affiliate marketing is often combined with wth blog writing. So if you have a blog page that is both engaging and followed by users in large numbers, becoming an affiliate marketer is an excellent low-cost business idea.

The online business ideas we have mentioned above do not require a huge investment. In fact, they are brilliant zero investment business ideas. If you want to have a business on your own, learn the most essential things that you will require when setting up your start-up with our Everything About Entrepreneurship course.

It will give you some of the simplest tips and will guide you from the beginning and throughout your journey. To know more about this course, visit https://www.badabusiness.com/?ref_code=ArticlesLeads and we will get back to you!

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Business motivation

The Truth behind Tata Motors and Tesla Joint Venture!

tata motors and tesla joint venture

As the entire world has realized the importance of going green, India pushes stronger for electric vehicles in its bid to reduce carbon emission. To ensure a cleaner and greener planet, a host of EV or electric vehicles are waiting to be launched this year.

While some of the Mahindra and Tata Motors electric cars have already been showcased, US-based Tesla will be the latest entrant to join the list. Though the news is yet to be confirmed, the shares of Tata Motors surged further by 11% on Tuesday.

The buzz over the Tata-Tesla partnership is the reason behind the surge in the share market.  The sales numbers also have seen a growth from Jaguar Land Rover (JLR) for the third quarter.

According to ‘Businesstoday’, Tata Motors’ share has rallied over 13% in intraday trade to hit a fresh 52-week high of Rs. 249.50 on the Bombay Stock Exchange on Tuesday on the back of the strong volume. The Tata Group stock has soared 26 percent in two sessions amid the buzzing reports of the Tata Tesla joint venture.

Tata Motors shares have gained 23.27% in one year and have risen 31.79% since the beginning of the year. The stock has surged to 35.4% in a single month. The rise in stock is due to the recovery of JLR sales in China, according to the reports published by ‘Businesstoday’.

The share price of Tata Motors has delivered a massive return of 292 percent from its 52-week low of Rs. 63.60 as of March 24, 2020. It has gained 23.27 percent in one year and has risen 31.7% since the beginning of the year.

There have been various factors that boosted Tata Motors` stock, such as increased sales of its overseas subsidiary, Jaguar Land Rover (JLR), along with the partnership between Tesla Inc. and Tata cars. Unfortunately, there is no truth behind those reports. However, Tesla cars are planning to begin their operations in India.

The US-based EV maker Tesla cars is planning to make an official entry into the Indian automotive market. A local entity called Tesla Motors India and Energy Private Limited will be set-up with it`s registered office in Bengaluru.

A statement released by Tata Motors states, “Tata Motors has not taken any decision regarding a strategic partner for its PV business and categorically denies any, and all rumors suggesting the same.”

Earlier on January, 15, Tata Motors announced the sales figures of Jaguar Land Rover, which was earlier hit by the COVID-19 pandemic. However, it is showing a sign of recovery as sales in China remained strong.

Did you enjoy reading about the latest Tata-Tesla partnership? Click here at www.news.badabusiness.com for more amazing stories.

Thinking about investing in stocks or doing a partnership to grow your business? Learn all the finest details and strategies that will help you to establish business partnerships with our Everything About Entrepreneurship course. Take your first step towards a successful business by clicking here: https://www.badabusiness.com/?ref_code=ArticlesLeads Visit now!

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Business motivation Startup

Want to Have Your Own Business But Facing Budget Issues? Here are 5 Businesses You can Start Under Rs 10,000

Business Ideas | Representative Image (Photo Credits: Pixabay)
Representative Image (Photo Credits: Pixabay)

The world is living in the era of entrepreneurial development and start-ups. More and more people are drifting away from the ‘regular-income job’ mindset and exploring various fields to establish their own business and be their own bosses. The present entrepreneurial generation aims to start their own business and fulfill their dreams. They want to bridge the gap between their passion and profession. The biggest problem however remains the budget. Every person needs a certain amount of seed capital to establish the business and comply with the legal requirements. Prarambha: Everything you must know about the Startup India International Summit! 

Many people give up on the dreams of having a business of their own, owing to shortage of funds and capital. However, there are certain businesses that can be started with a pocket friendly budget. Here are 5 start-up ideas to establish business with Rs 10,000 –

Jewellery Making

There is a lot of demand of customised and artificial jewellery. Not only young generation, people from all the age groups look for fashionable jewelleries for celebratory and causal occasions. In does not require any official set-up or office space, basic raw materials like beads, strings, and artificial jewellery pieces among others to start the business. Such jewelleries can easily be sold at online stores, exhibition and haats. Agriculture Business: 5 Budget Friendly Businesses You Can Start in Agriculture Sector.

Vlogging

Vlogging is an extremely low-cost business which is highly popular these days. Many youngsters are taking up it professionally. They make videos and upload it on various video platforms such as YouTube and Vimeo, and earning money. People can make videos following their passion and expertise. It requires minimum investment in a good camera phone and video editing software.

Food Truck

Another interesting business for people who love travelling and cooking is to have a food truck. It works as a mobile restaurant too. The biggest investment in this business is to have a truck or any other accommodating vehicle. Once a truck is arranged, all that remains is grocery and hit the roads, make food, serve people and earn money while doing the thing you enjoy.

Yoga Trainer

More and more people are adopting and including Yoga in their fitness regime. If someone have an expertise in Yoga, by becoming an instructor of practise one can earn a good amount of money and ensure a regular stream of income. There is no need to any material investment; however the person should have a proper training and knowledge of the art. Many people are giving Yoga classes through online channels, making people fit and health, and earning money.

Bakery

Another interesting and delicious business one can start with a minimum investment is homemade cakes and cookies. People are avoiding buying food items from large stores and restaurants and looking for homemade alternatives of the same. Starting a bakery does not need much of an investment; all it needs is regular kitchen supplies and a pinch of creativity.

Shortage of investment remains the biggest drawback for people who want to start their own business. However, there are certain low budgets businesses people can start with minimum costs. You are start small, work hard and make the business a success.

 

 

 

 

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Business motivation

3 Innovative Technological Tools for Hi-tech Farming

hi tech farming
ऑर्गेनिक फूड बिजनेस

India is one of the 15 leading exporters of agricultural products in the world. Agriculture is the backbone of the Indian economy and the primary source of livelihood for around 58% of the population.

Gross Value Added (GVA) by agriculture, fishing, and forestry was estimated at Rs. 19.48 lakh crore (US$ 276.37 billion) in FY20 (PE). Agricultural export from India is around US$ 38.54 billion in FY19 and US$ 35.09 billion in FY20. source https://www.ibef.org/industry/agriculture-india.aspx

India has made steady developments and immense progress towards agriculture post-Independence. However, the country relied heavily on imports and food aids to meet domestic requirements during the mid-1960s. But the severe drought in 1965 and 1966 followed by the Green Revolution convinced India that it could not rely on foreign help. Post that the country reformed its agriculture policy.

The transformation of Indian agriculture began with the Green Revolution, which was followed by the Blue revolution, the White revolution, Yellow and Bio-Technology revolutions. Using modern farming methods of agriculture such as proper irrigation, the better quality of seeds, pesticides, and chemical fertilizers, India became self-sufficient in food grain production.

As time progressed, more technological advancements happened. And today, when the world is tech-enabled, farmers can use high-tech farming equipment and scientific data to improve crop yields.

Here are some examples of high-tech farming methods that can improve farming:

Artificial Intelligence

With Artificial Intelligence entering the hi-tech farming space, the agricultural scene is completely changed. From sowing to favorable weather conditions, type of soil, type of harvest a crop would need to harvesting, and then to post-harvest help, the AI promises informed inputs to the Indian farmers and other stakeholders in the ecosystem.

With schemes like Pradhan Mantri Fasal Bima Yojna (PMFBY), the government is also welcoming the fresh change that will help to reduce the time taken in settling claims of the farmers.

Mobile Applications

Mobile technology`s role is paramount! This innovative technology is playing a vital role in monitoring and controlling crop irrigation systems.

According to the Indian Cellular & Electronics Association (ICEA), India`s total smartphone user base had grown to 50 crores in 2019, and 40% of this user base hailing from rural India.

With smartphone users growing rapidly, it makes sense to marry mobile technology with farming methods for agricultural purposes. E.g. Farmers can control irrigation systems from his phone, rather than a computer.

Drones

For smart Hi-tech farming, the use of Drones can bring accurate information with ease. A drone can provide real-time information related to their crops, dry regions, soil deterioration, and fungal infections in a readable format.

This will enable farmers to take vital decisions regarding irrigation and crop harvesting. Drones can also be used for spraying purposes.

Introducing high-tech farming methods in India is the need of the hour. It is the only way to ensure the progression of this sector. A lot of companies are coming up with data analytic tools, robots, and drones that will completely revolutionize the Agritech business.

Learn more innovative ways to take your business ahead with our expansive online training courses and Problem Solving Courses. Know what works and what not for your business through the industry experts. Click here to know more: https://www.badabusiness.com/psc?ref_code=ArticlesLeads

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Business motivation

Indian Edutech BYJU`s acquires Aakash Educational Services, signs a billion-dollar deal!

byjus acquire aksash

Edtech Unicorn BYJU is in the news once again, and this time for signing a deal with Aakash Educational Services for a whopping $1 billion. According to reports, BYJU`s has acquired brick and mortar education player Aakash Educational Services (AES). Although both parties are yet to make an official announcement regarding the deal, it is one of the largest ed-tech acquisitions in that world.

While online learning startups have flourished, offline tutoring centers are affected badly. Bangaluru based BYJU`s has a valuation of $12 billion and has been on a fund-raising spree due to the increased demand for its online lessons because of the global COVID 19 pandemic.

BYJU`s, which is India`s second most valuable startup is backed by the likes of Facebook founder Mark Zuckerberg`s Chan Zuckerberg Initiative, and Tiger Global Management & Bond Capital co-founded by Silicon Valley investor Mary Meeker.

While Blackstone will swap 37.5% equity in Aakash for BYJU`s stake, the deal will witness a complete exit of the Aakash`s founders, the Chaudhry family. According to reports, the Chaudhary family may get a cash payout of $300 million.

Backed by Blackstone Group, Aakash Educational Services runs more than 200 brick & mortar centers of Aakash Institutes. While Aakash Educational Services has half-a-million paying students enrolled in its programs, BYJU`s on the other hand has around five million paying students.

When combined, this significant deal would focus on the innovative approach to teach students in secondary education, and prepare them for the entrance examinations.

BYJU`s was founded by Byju Raveendran, who was a former teacher, who also came up with a mobile application for smartphone users in 2011. From kindergarten to the 12th grade, BYJU`s provides lessons in science and mathematics through video games and animations.

Last year in September 2020, BYJU`s announced that around 70 million users logged in from over 1,700 cities all across the country, during fundraising. Out of 70 million, over 4.5 million are paid users. The application has been adding more than 5 million users a month. India`s biggest Edu-tech firm aims to double its revenue to $1 billion in the current financial year ending in March 2021.

If there is a startup business idea that you would like to work upon, do not wait, anymore! Take our Everything About Entrepreneurship course and learn from some of the topmost industry experts that will guide you through their experience.
Take insights and gain knowledge about how business works and can grow even in challenging times. Visit here : https://www.badabusiness.com/?ref_code=ArticlesLeads

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Business motivation

Success Story: How this Indian Discount Brokerage Firm Joined the Elite Unicorn Club 2020

zerodha success story

Trading and investments are the two terms that appeal to everyone. However, due to insufficient knowledge, brokerage charges, hefty commissions, and a reluctance to take the market risks are a few reasons why people refrain from testing the rivers.

When the world was facing the biggest global financial crisis during 2008 and 2010, the stockbroking companies experienced a downfall. While this challenge was faced by almost every broker in India, Bangalore-based discount broking firm, Zerodha was born during the same year.

Founded by the brothers Nithin Kamath and Nikhil Kamath, Zerodha is India`s first discount brokerage firm. This decade-old bootstrapped startup emerged as one of the unicorns in India in 2020.

Considered one of the most valued online stock trading solutions in the Indian fintech ecosystem, Zerodha`s journey started with a team of five people. Today, it has more than 1,300 employees.

What makes Zerodha different from other full-service brokerage firms?

Zerodha is a discount brokerage firm that does not offer research services such as buy and sell recommendations to its client. This helps them save the cost of having a research team. Hence, it passes on the profit it makes by saving funds.

“In today’s day and age, it’s no more about the big beating the small – it’s about the fast beating the slow,” Nithin says.

“The foundation of any financial services business is built out of creditability and trust. The process was time taking and it took around eight years for the company to reach where it is today. In our first year, we opened 3,000 accounts and when the cost of the product is less, people tend to be suspicious about the quality”, Nithin said.

“Luckily, we have managed to build a community around us that strives on trust, and that eventually helped us in the long run. Even today, we don`t spend money on the advertising”, Nithin, CEO & co-founder of Zerodha added.

Earlier in June 2020, the company announced an ESOP buyback plan at around 5X the booking value, thereby putting its valuation at $1 billion. According to Harun List, shared in August 2020, Zerodha was evaluated at $3 billion.

In FY19, Zerodha recorded a net profit of Rs.350 crore on a revenue of Rs.850 crore. Over the past five years, the total client base was increased by nearly 40X to 2.8 million. Even during the pandemic, it has witnessed its average monthly user addition to be increased by double.

 

Zerodha has also launched an incubator fund Rainmatter in April 2019. The fund was created to invest in early-stage startups. The fund has invested in more than 14 startups.

Zerodha has four registered entities: Zerodha securities, Zerodha Commodities, Zerodha Broking, and Zerodha Capital.

“If you try to be the best, you will be number One, but if you try to be unique, you will be the only One”. With a firm belief in this statement, the founder-siblings are aiming to add 5-10 million new Indian investors in 2021.

For more inspiring stories that showcase the innovative thinking and creative approach of young Indian entrepreneurs, stay updated with our latest blog posts.

You can also learn the current business trends, challenges entrepreneurs encounter and solutions that can help any business grow by visiting https://www.badabusiness.com/psc?ref_code=ArticlesLeads

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Business motivation Startup Strategy Technology

PM Narendra Modi Urges Youngsters To Join ‘Prarambh’, the Startup India International Summit on January 15-16; Here’s How To Register Online

Startups (Photo Credits: Unsplash)

Prime Minister Narendra Modi has called upon youngsters of India to attend ‘Prarambh’, the Startup India international summit on January 15 and 16. The Prime Minister asserted that the summit seeks to bring together top minds from industry, academia, investment, banking and finance besides young start up leaders. Taking to Twitter, the Prime Minister shared his LinkedIn post in which he noted that virtual interactions have become the new normal during the COVID-19 pandemic and said a big advantage of this is that people can be a part of programmes sitting at home. “With most events being held virtually, it has given a great opportunity for youngsters to be a part of many interesting domestic & global forums. One such opportunity is coming up in the form of Prarambh on 15-16 Jan. I urge our youth to be a part of it,” Modi tweeted on Monday.

Referring to the ‘Prarambh’ summit, the prime minister said India would also be marking five years since the Startup India initiative began. He said that this initiative has propelled India to being among the most attractive start-up eco-systems globally. Lauding the capabilities of the youths in India, the Prime Minister said that no words can do justice to the spirit of India’s youth. “Their penchant for innovation has led to outstanding results. Our start-up heroes are not merely coming from big cities but also from smaller towns. This is a good sign,” he added

Talking about the work from home opportunities, the Prime Minister noted and said work from home is in, so is greater adapting to technology. “For me, it meant more programmes online, which were extremely productive and insightful. There were interactions with scientists, medical professionals, COVID warriors, academics, industry leaders, young innovators, spiritual leaders and more,” Modi said.

The Prime Minister added that there were virtual summits, both bilaterals and multilaterals with world leaders, he noted, adding that “path-breaking” development schemes were launched through public events organised digitally.

About Prarambh:

‘Prarambh’ – Startup India International Summit – on 15 and 16 January 2021 in a virtual format. It will be organised by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry. ‘Prarambh’ means ‘an auspicious beginning’. As a verb, it implies ‘to start’.

The idea is to attain attention of global capital for startups in India, mobilize domestic capital, provide opportunities for accessing international markets to our startups and evolve enabling policy provisions.  The first day of the Summit has been devoted to host dignitaries and stakeholders from BIMSTEC member States. The day will witness participation of renowned stakeholders from startup communities of BIMSTEC member states engaging in multilateral discussions and showcasing best of their innovations.

Here’s How You Can Register for the Prarambh Summit:

  1. Youngsters can registered themselves on the official site i.e. https://www.theprarambh.in
  2. Click on ‘Register Now’ at the top of the page and fill in all the details that have been asked.
  3. Enter details like your name, address, email-id, sector, select country and state, city and category and then click on ‘Submit’.
  4. Youngsters can check the official website as it has all the details of the 2-day Start-up India International Summit.

The main objectives of the Prarambh Summit are given below:

  • Encouraging and inspiring the youth for innovation and entrepreneurship
  • Exchange knowledge on best practices on nurturing startup ecosystems
  • Develop capacities of entrepreneurial ecosystem
  • Mobilize global and domestic capital for investments into startups
  • Provide opportunities to startups for entering domestic (private and public) and international markets
  • Showcasing high-quality, high technology and frugal innovations from India
  • Enable ease of doing business for startups and investors.

The who’s who of the Indian as well as global Startup ecosystem are making a beeline for this event. Please mark this date for a marathon of in-depth knowledge sessions and exchange of global ideas! Prarambh is expected to bring together top policy makers, industry, academia, investors, startups and all stakeholders from across the globe. In addition to deliberating on good practices from best of the ecosystems across the world, the sessions of the Summit are designed to showcase the spread and depth of entrepreneurship based on innovation in India.