Escolar Documentos
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IN INDIA
ENTERPRENEUR
ENTREPRENEURSHIP
Before India came into contact with west, people were organized in
a particular type of economic and social system of the village community.
Then, the village community featured the economic scene in India. The
Indian towns were mostly religious and aloof from the general life of
country. The elaborated cast based diversion of workers consisted of
farmers, artisans and religious priests. The majority of the artisans were
treated as village servants. Such compact system of village community
effectively protecting village artisans from the onslaughts of external
competition was one of the important contributing factors to the absence
of localization of industry in ancient India.
But before this, the first cotton textile manufacturing unit was
already setup by a Parsi, Cowasjee Nanabhoy Dabar in Bombay in 1854
fallowed by Nawrosjee wadia who open his textile mill in Bombay in
1880.
The credit for the expansion of textile industries upto 1915 goes to
the Parsis. Out of 96 textile mills existing in 1915, 43% (41) were set up
by parsis, 24% (23) by Hindus, 10% (10) By Muslims and 23%(22) by
British citizens. Later, the Parsis invaded other fields, mainly iron and
steel industry, also Jamshedjee Tata was the first Parsi entrepreneur who
established the first steel industry in Jamshedpur in 1911.
Major Ports: India lost major ports which adversely affects India’s
exports.
Even today, the capital market is not a major source of finance for
enterprises, which mostly rely on internal sources of funding or debt. A
study of 588 start-ups that participated in a competition conducted
recently by National Entrepreneurship Network revealed that 70 per cent
relied on personal savings for initial funding, he pointed out.
Government-supported and public-private partnership ventures such as
the National Science and Technology Entrepreneurship Development
Board, Technopreneur Promotion Programme and business incubators in
colleges and technology parks also facilitated the growth of
entrepreneurship in India.
BIBLIOGRAPHY