Recognising the importance of entrepreneurship in a globalised milieu, the Odisha government plans to bring out a policy for entrepreneurship development to help breed new entrepreneurs.
“My government would bring out an entrepreneurship development policy which will focus on individuals with an expectation that they would become entrepreneurs. The policy may encompass multiple stages in the emergence of an enterprise from pre-start to stabilisation and growth. It usually focuses on motivation, opportunity and skills with the primary objective of encouraging people to venture out,” chief minister Naveen Patnaik said at a sensitisation programme on developing entrepreneurship.
The policy would stress on measures like awareness, promotion, skill development, networking and mentoring besides attempting to change the mindset of target groups. In short, it will aim at making entrepreneurship a movement, he said.
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“The state government would set up an entrepreneurship development society with incubators to provide training not just for setting up of new units but also provide continuing education in different aspects like product design, packaging, technology up-gradation, financial management and marketing. The MSME (micro, small & medium enterprises) department would be the nodal agency to take up this challenge,” the chief minister said.
Stressing on the need to create new entrepreneurs, he said, “We need a new breed of entrepreneurs bustling with dynamism who could take advantage of the emerging opportunities in the wake of liberalisation and globalisation of the economies. There is a need to modernise businesses so that they become globally competitive.”