Bharat Entrepreneurs

Entrepreneurs contribute to the economic growth and help implement latest technologies in the areas of production and service related industries.

Small Industries Development Organization (SIDO) was set up to incubate and encourage start ups with the help of its entrepreneurship development programmes through small industries service centres.

But the exact foundation was bid in 1983 at Ahmedabad in order to create the institutional infrastructure for entrepreneurship development, named as EDII (Entrepreneurship Development Institute of India)

Later Indian Central Government started an organization called National Institute for Entrepreneurship and Small Business Development ( NIESBIID) at New Delhi with a main motto of co-ordinating activities related to Entrepreneurship and Small Business Development.

Some of the Institutes established by the Indian Government are:

1. Rural Entrepreneurship Development (REDI) at Ranchi
2. FICCI - Federation of Indian Chambers of Commerce and Industry

The list of Organizations conducting entrepreneurship development programmes are:

1. Institute of Entrepreneurship Development (IED) in U.P, Bihar and Orissa
2. Management Development Institute (MDI) at Gurgaon, Harayana, near Delhi
3. Small Industries Extension Training institute, Hyderabad
4. Centre for Entrepreneurship Development at Ahmedabad, Hubli
5. Wadhwani Centre for Entrepreneurship Development, ISB
   
6. State Bank of India
7. State Financial Corporations
8. NISIET, Gauhati
9. National Institute of Design, Ahmedabad
10. National Council for Cement Building Materials, Delhi, Ballabgarh, Hyderabad, Patna and Madras
11. National Federation for Industrial co-operatives limited, New Delhi
12. Indutrial Consultancy Organizations
13. Indian Plywood Industries Research Institute, Bangalore
14. New Indo-Danish Tool Rooms - Jamshedpur and Bhubaneshwar
15. Indo-German Tools rooms - Indore, Ahmedabad and Aurangabad
16. Central Institute of Hand Tools, Jalandhar, Hyderabad
17. Central Pulp and Paper Research Institute, Saharanpur
18. Central Machine Tool Institute, Bangalore
19. Central Tool Room and Training Centre, Kolkata
20. Institute for Design of Electrical Measuring Instruments, Bombay
21. Electronic Service and Training Centre, Ramnagar
22. Petroleum Product Development Centre for Glass and Ceramic Industry,Ranchi
23. PROCESS AND PRODUCT DEVELOPMENT CENTRE, Agra, Meerut
24. National Institute for Entrepreneurship and Small Business Development, New Delhi
25. Centre for Improvement of Glass Industry, Ferozabad

Popularity: 20%

Morgan Stanley a U.S firm appointed ALURI SRINIVASA RAO, AN INDIAN from Andhra pradesh as managing director for its upcoming venture i.e private equity investment unit in INDIA on may 1st 2008. Morgan Stanley is running an investment bank and asset management firm in foreign countries.

ALURI SRINIVASARAO aged 43, has valuable experience of 18 years in the corporate sector that too particularly in equity investments. Aluri Srinivsa Rao leads the life sciences practice at ICICI Venture and from that only he focussed on many activities like identifying innovative investment opportunities, managing buy outs with Ranbaxy, Dr.Reddy’s laboratories, Avesthagen, Arc Pharma, Malladi drugs, Bharat biotech international, Metropolis etc,. Rao is also the chairman of RFCL Ltd, the specialty chemicals company acquired by ICICI Venture in a management buyout last year.

He completed one-year program in General Management from London Business School after the completion of his course in Bits Pilani.

As in India there exists a congenial environment due to its fast growing economy many Global financial firms and domestic banks are expanding into private equity. More over Government-run State Bank of India was in talks with foreign partners to launch private equity funds by making use of this exact situation. Morgan Stanley is trying to invest a $1.5 billion fund in India through its Asia-dedicated private equity fund.

After seeing this situation one can feel the potential for exponential growth in our indian economy. Because of these facts only, many foreign firms are trying to extend their roots particularly in India. So let us hope that Aluri serves the best to Morgan Stanley and the booming Indian economy.

Popularity: 10%