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Pros and Cons of Outsourcing to India

With outsourcing to India gaining popularity in countries like the US and the UK, it is important to know its pros and cons before deciding on whether to use it. Starting with the back office operations in the early 1980s, the outsourcing process to India evolved in the new millennium. This became possible with the growth of software development and web designing projects outsourced to India. Finally, the rise of the BPO industry strengthened the concept and cemented the trust of global companies in the Indian outsourcing community.

However, there is a constant debate on the effectiveness of outsourcing work to India. The following looks at various aspects of the practice and the pros and cons of each.

Available Infrastructure

If one goes back to the 1990s, the Indian infrastructure available to the foreign companies outsourcing to India suffered from a number of flaws. Lack of telecommunications, for example, was one major drawback. However, things have changed drastically in the past 10-15 years. Telecommunications and other infrastructure have seen a lot of new investments. An exceptional change has been brought by the growth of IT infrastructure, which is now capable of catering to many more of the demands of outsourcers.

Still, there is a huge gap between the infrastructural facilities available in India and the countries like China. The ever-present corruption at all levels has been diluting the overall productivity one can expect from a country with world’s second highest population. Development of rural areas and small and medium sized enterprises is still an issue of concern.

Skills and Talent

The idea of outsourcing to India is supported by the availability of a huge pool of talent in fields like custom software development. Implementation of the modern technologies and conceptualization of innovative ideas can be expected from the talented workforce in some industrial sectors.

However, this advantage has not been extended to all the sectors where the country could have gained the best outsourcing advantages. It would be inappropriate to say that no other country in the world can match the talent and skills of what Indian workforces possess.

Difference in Working Style

Having a huge population with English speaking capabilities is an advantage for the country. There are more English speaking people in India than in any other Asian country. However, a problem lies in the issue of accent, which bears a regional influence.

Moreover, there is a huge difference in the culture of India and countries like the US and the UK. There are cities like Bangalore, Chennai, Noida and Hyderabad striving to adopt similar working cultures as those followed in the developed countries. However, a fully professional attitude cannot be expected from all regions boasting of outsourcing services. Employee attrition and the habit of getting spoon-fed for even the smallest of the issues are some cons that plague the outsourcing advantages.

Time Zone Difference

There are both advantages and disadvantages caused by time differences as far as Indian outsourcing is concerned. A company in the US, for example, provides work to an Indian outsourcing company when it is daytime in the US. Indians start working during night hours of the US. This forms a 24×7 working schedule that helps in the on-time delivery of work.

Cost Factor

Cost is considered as the most important of the factors that draw global companies to the practice of outsourcing to India. However, rival countries, including China and Taiwan, are making attempts to cut costs further. There are many countries in Europe that meet better quality expectations for the outsourced work and this can bring lower overall costs in the end.

Outsourcing to India is often regarded as a double-edge sword and there are personal opinions on whether outsourcing pros outweigh the cons or vice versa. Every company considering sourcing in India needs to look at the benefits as well as the risks.

Difference in Working Styles Between India, US and Europe

The working styles between India, US and Europe differ widely. Many Indian corporates and multinational companies are wooing Indians settled abroad in the US and Europe to return to India and work for them. With a multitude of highly paid jobs up for grabs for the experienced professionals, many Indian expatriates are thinking of returning home to take up these jobs.

These Indians in USA and Europe would be exposed to the American and European style of work culture, which is very different from the working style in India. With many multinationals setting up branches in India, they are trying their best to incorporate the western working style in their Indian offices too. Earlier in Indian companies and corporate set ups, constructive criticism, training programs for employees, motivational meetings, teleconferences; employee bonding etc were unheard of and were considered alien and set aside for the American working style.

With the advent of multinationals, the tremendous growth of the IT sector and its allied BPO and Outsourcing services sectors, the American working style is fast being implemented in many of the offices here. But alas these are confined only to the large corporates and multinationals. Smaller and mediocre firms are still following the Indian working style.

Time management does not rank high on the priority list of Indian working styles unlike their American and European counterparts who are sticklers for punctuality and time management. Americans value their time and are keen that the employees are punctual at work and this permeates into their working environment too. In India, if an employee is late he or she always has a good convincing reason. It is common place event to find business meeting rescheduled or rather delayed by an hour or two in Indian companies.

The working style in India requires employees to be dressed in semi formals unlike their western counterparts who are all dressed in formals like blazers and suits. Here the weather does not permit such dressing. In the Indian work environment, everyone addresses each other as Sir or Madam, but addressing bosses by their first name is fast catching up in India, which is so commonly found in USA and Europe where everyone addresses one another by their first names. Indians are inquisitive about others and so take a lot of interest in gossiping about others, some will even try to pry into others lives and offer unsolicited advice. Certainly, this is not found in the American work environment where everyone at the office will keep to their selves and do the work they are allotted diligently.

Those who have worked in companies and firms in the US and Europe will find coming back to work in Indian companies and Indian working conditions really different from what they were previously used to. It will present a challenging task to those Indians in USA [http://www.imrti.com/] who are seeking job opportunities in Indian companies whether they are corporate business houses or multinationals.

Return to India Jobs – What’s Hot, What’s Not?

If you are an NRI and are browsing the internet, you will be surprised to find many placement agencies and websites which have sprung up in recent times offering their services in locating NRIs with the perfect jobs which commensurate with their present status in the USA. Many Indians in USA are logging on to these websites and are posting their resumes, hoping that they will land up with a lucrative job in any multinational company or corporate business house in India.

The Indian economy has begun to boom and many are waking up to this fact. India is making a slow but steady progress in her growth and many NRIs want to be a part of this growth and do not want to miss this opportunity.

It is not only sentimental reasons like being with aged parents and other close relatives that are attracting Non-resident Indians to return in search of Indian jobs. Many sectors are currently in need of trained professionals and experienced skill personnel that are luring these people to return to Indian jobs. The demand does not rest with only jobs in the technology sector but in other sectors like shipping, construction, health care, biotechnology, newspaper industry, specialty marketing and aerospace. Most of the jobs in these sectors are up for grabs for highly qualified and experienced personnel and Indians working in Indian companies in USA are finding these as a very attractive option.

Many of the websites catering to finding jobs for NRIs are enticing these people with lucrative benefits and perks like all expenses paid relocation, comfortable lifestyle, salaries on par with US currency, company accommodation and much more. The hot jobs that are luring many Indians in US are the white-collar jobs and managerial positions in financial institutions and investment banking sectors. The hot jobs, which are being filled, are the middle and senior management levels in the different corporates and companies.

Many western and European business houses that are keen to set up their businesses in India are looking for expatriates who are willing to take up responsible senior positions to manage their business in India. With their expertise in work knowledge and exposure to international trade practices, these Indians are an asset to these foreign companies.

With the merchant banking and investment banking sectors emerging as two of the hot spots that are offering lucrative Indian jobs [http://www.imrti.com/] opportunities to these NRIs, there are jobs in the technology field which are not so hot and attractive any more to the returning Indians. Most NRIs returning to India are looking for jobs in the managerial levels. It is these jobs that are very attractive with all their perks and pay structure. The Indian IT industry is already up to the brim with talented workforce from the local population, but it is the other sectors like banking and investment, construction and health care that are offering some of the hottest jobs to these Indians from USA. If you are working with an Indian company in the US and are currently looking for jobs in India, you know where to look.

Hiring A Business Consultant In India Will Give New Dimension To Your Online Business

The need and significance of employing the services of a Market-Research company is highly comprehended these days by online business entities. The most sought after upshots are a head start over competitor and a wide improvement in line of products and services. An apposite business consultant in India will proffer you with pertinent data which will help you reorganize your strategies and nurture the precise client base.

Online market research will assist you in laying your hands upon relevant stats and reports which will prove fruitful in making your online venture a major success. When it comes to finding an apt Market-Research company, we will come across thousands of them on the World Wide Web. Their essential chore is to proffer you with imperative information which will help you take an edge over your competitors.

Market-research companies utilize professional research analysts, who are competently educated to work in explicit market fragments to proffer their client corporations with pertaining and relevant data. Contacting a business consultant in India will lessen much of your burdens as they are well equipped with sophisticated technologies and state of the art online tools to gather market data and make it work for you. Market-research works aptly for both freshly started businesses and time honored establishments as they are always in search of innovative and resourceful ideas as to how to expand the business and develop it to newer heights.

Proffering significance to market research is a guaranteed stratagem that could fetch an assortment of advantages to your company. Intermingling with genuine clients is the most excellent technique to come back with most desirable inquiries and determine what the market holds for the concerned corporation. The existence of a complete in-house team of experts at a business consultant in India makes sure that the market research is altered into commercial lead for clients. An apposite MRC will also help you meet commercial confronts by indefatigably fabricating ground-breaking and eccentric means of collecting applicable information and adapting thus collected data into strategic trade insights.

You should always do a bit of intricate research on the World Wide Web, before plunging into the decision of hiring a certain mrc. You should always double check its profile, its history, list of satisfied clients, their transparent work procedures, customer’s testimonials and pricing structure for their services before going in to utilize their services for business development.

An Insight Into the Emergence of Women-Owned Businesses As an Economic Force in India

1. Introduction

During the last two decades, Indian women have entered the field of entrepreneurship in greatly increasing numbers. With the emergence and growth of their businesses, they have contributed to the global economy and to their surrounding communities. The routes women have followed to take leadership roles in business are varied. Yet, most women business owners have overcome or worked to avoid obstacles and challenges in creating their businesses. The presence of women in the workplace driving small and entrepreneurial organizations creates a tremendous impact on employment and business environments.

Indian women business owners are changing the face of businesses of today, both literally and figuratively. The dynamic growth and expansion of women-owned businesses is one of the defining trends of the past decade, and all indications are that it will continue unabated. For more than a decade, the number of women-owned businesses have grown at one-and-a-half to two times the rate of all businesses. Even more important, the expansion in revenues and employment has far exceeded the growth in numbers.

The result of these trends is that women-owned businesses span the entire range of business life cycle and business success, whether the measuring stick is revenue, employment or longevity. This strengthens the view that all governmental programs and policies should target at strengthening women’s entrepreneurship in their native lands.

Although, many of the earlier obstacles to women’s business success have been removed, yet some still remain. This has initiated the scholars of entrepreneurship and small businesses to study the influences of and the impact on business ownership by women. The number of these research studies are growing steadily.

2. What Are The Characteristics Of Women Entrepreneurs In India?

Indian women of today have taken many strides towards business ownership. The broad classification of women business owners include women who establish, inherit, or acquire a business; women who start businesses with spouses or business partners but are either at the forefront or behind the scenes; and finally, women who start fast-growing or part-time or slow-growing firms. Although earlier researches on women entrepreneurs have suggested that significant differences existed between female and male entrepreneurs. However, more recent studies have shown that there are far more similarities than differences between women and men entrepreneurs in terms of psychological and demographic characteristics. The dominant predictors of success in case of women entrepreneurs are work experience and years of self-employment.

Generally, women view their businesses as a cooperative network of relationships rather than as a distinct profit-generating entity. This network extends beyond the business into the entrepreneur’s relationships with her family and the community. Certain cross-cultural studies on women entrepreneurs have reported that their management styles emphasizes open communication and participative decision-making, and their business goals reflect a concern for the community in which the business operates.

The majority of women business owners operate enterprises in the service sectors, whereas the majority of male business owners operate enterprises in non service sectors, particularly manufacturing. Women are not only achieving economic independence and wealth creation for themselves, but through job creation, they are also providing opportunities for others, particularly for other women.

A series of researches have shown that the workforce of women-owned businesses tend to be more gender balanced than the workforce of men-owned businesses, although women business owners are more likely to hire women. Put simply, an investment in women’s entrepreneurship is an investment in the economic independence and well-being of all women.

In comparison to their women counterparts who established their businesses two decades earlier, women who have started their businesses sometime during the past decade are more likely to have the following:

o a higher level of education, previous professional and managerial experience, as well as executive level experience

o a greater appetite for capital, both credit and equity

o a strong motivation for autonomy and achievement

o a dynamic personality

o a passion for what they do

o creativity to innovate and implement

o independence and self reliance

o high self confidence

o willingness & ability to take risks

o alertness to opportunities

o ability to marshal resources

o ability to respond to market & environment signals

Thus, from the above discussion, we can conclude the following traits of personality of women entrepreneurs:

Risk taker Proactive Opportunist Visionary Inventor Tolerance of ambiguity Commercialiser Desire for independence Trader High energy Innovator Ability to bounce back Flexible Results oriented Need for achievement All rounder Internal control Decisive Self confident Self Motivated Pragmatic Flair

3. Why Do Indian Women Undertake Entrepreneurship?

In spite of the growing number of female entrepreneurs, the share of female entrepreneurs is still significantly low when compared to their participation rate. However, there are several factors responsible for increasing the level of female entrepreneurship in India:

1. Nature of Entrepreneurship: Women enter into entrepreneurial activity because regular employment does not provide them with the flexibility, control or challenge offered by business ownership.

2. Motivation : Several evidences suggest that women do not lack the motivation to enter into business ownership. They are often highly motivated than their male counterparts to overcome the barriers to business start-up.

3. Empowerment : Indian women are becoming more empowered now-a-days. Legislation is being progressively drafted to offer them more opportunities at various levels.

4. Social Conditions : Population growth results in a strong positive relationship on entrepreneurial activity. Across genders, the increase in demand and competition for jobs pushes more people into necessary entrepreneurship. For women, in particular, the relatively high involvement in necessary entrepreneurship indicates that self-employment is used as a way to circumvent institutional and cultural constraints with respect to female employment, as well as a way to provide supplemental family income.

5. Economic Conditions : Auspicious economic conditions favour the participation of women in entrepreneurial activity. The smaller amount of financial capital requirement and higher proportion of available bank loans positively correlates the level of female entrepreneurship to economic conditions. In fact, in a country like India, the relationship between the size of unofficial economy and entrepreneurial activity is positive.

6. Literacy & Education: Increased levels of education has played a crucial role in initiating the process of entrepreneurship. It is not only the illiterate that are starting the businesses but those with education & skills are also exploiting profit opportunities.

4. What Are The Needs Of Women Entrepreneurs In India?

1) More and better access to finance/credit is mentioned very frequently. Give a woman 1000 rupees and she can start a business. Give her another 1000 rupees and she will be able to feed not only for her family, but for her employees as well.

2) Access to business support and information, including better integration of business services.

3) Training on business issues and related issues

4) Better access to local and foreign markets.

5) Day care centres & nurseries for children, and also for the elderly;

6) Positive image-building and change in mentality amongst women, whereby women see themselves as capable achievers and build up confidence.

7) Breaking through traditional patrons and structures that inhibit women’s advancement.

8) Role modelling of women in non-traditional business sectors to break through traditional views on men’s and women’s sectors.

9) More involvement and participation in legislation and decision-making processes.

10) Removing of any legislation which impedes women’s free engagement.

11) Awareness-raising at the governmental as well as private level to truly and really create entrepreneurial opportunities and not just programs that stay on paper.

5. Which Important Problems Are Faced By Women Entrepreneurs In India?

1. Women hardly interact with other women who are successful entrepreneurs. This results in a negative impact on their networking skills.

2. The areas, where one can see women acting as entrepreneurs, is in the very typical women’s sectors of 3Ps. This is also the area, where women are accepted in society to be experts in and thus have the capacity for entrepreneurial activities.

3. It is clear, that women have the responsibility of getting children and taking care of them. Very few societies accept fathers taking over the role of staying home and taking care of the children. Once these children are old enough to take care for themselves, they have to bear an additional responsibility of taking care of elder parents. If they want to become entrepreneurs, the society expects them to be able to do both: take care of family and home and do business.

4. Women are very critical when it comes to themselves – can I really do this, am I good enough, maybe I have to learn more, others can do it better. It is quite interesting that many successful women have been educated in only girls colleges and schools, which often deliver a safe environment to try out ones personal strengths, learn to overcome weaknesses and be proud of oneself.

5. Discrimination – it is hard to believe but women are still treated differently in our society. Women do get lower salaries compared to men doing the same job, women do not have access to men dominated networks who take their decisions about successors in the company during golf plays or sauna meetings….

6. Missing networks – through centuries business men have build up their networks but women still have to learn to catch up.

7. A lot of women tell stories about not being taken serious by bankers, when they wanted to get a loan for their business. Often enough, they have to bring their husbands or fathers to be able to be heard and receive financing. So, the domination of men in the banking world is a problem.

6. What Are The Challenges Faced By Women Entrepreneurs In India?

One of the major obstacles faced by women entrepreneurs has been that they are not taken seriously. Even though women have achieved credibility as competent entrepreneurs in areas such as retail, personal services and business services, perceptions that women-owned businesses are less successful, credit worthy & innovative continues to be a barrier.

Besides this, there are several other challenges being faced by Women Entrepreneurs:

1. Lack of Visibility as Strategic Leaders: Changing the perceptions about the likely success of women-owned businesses depends on increasing women’s visibility in leadership positions within the greater business community. In an assessment of women’s presence as CEOs or Directors of large business enterprises, it has been anticipated that the exodus of women to entrepreneurial growth firms might be because women believe that have greater representation in strategic leadership positions in privately-held or family-owned firms as they provide better opportunities for leadership than available to women in publicly-traded companies.

2. Differential Information and Assistance Needs: Another significant need of many women business owners is obtaining the appropriate assistance and information needed to take the business to the next level of growth. In a study conducted to gather information needs of women entrepreneurs, those who were just starting their ventures, requested assistance and training in implementing the business idea, identifying initial sources of financing, and advertising/promotion. The entrepreneurs who were already established, had a somewhat different set of needs including financing for expansion and increasing sales. Another conducted study had identified ten most desired needs of fast growth entrepreneurs:

(a) using cash flow to make operational decisions

(b) financing growth

(c) increasing the value of the business

(d) compensation for self and associates

(e) hiring, training and motivating for growth

(f) succeeding in a rapidly changing world

(g) successful selling

(h) sales force management

(i) management success

(j) problems and pitfalls of growth.

Unfortunately, this differences in information and assistance needs can be found across cultures as well.

3. Family Influences on Women Entrepreneurs : The overlapping of the family and the firm is not significant for women business owners. Unfortunately, little research has been conducted on the dynamics of family-owned firms headed by women. As the boundaries between the firm and the family tend to be indistinct, women operating family businesses face a unique set of issues related to personal identity, role conflict, loyalties, family relationships, and attitudes towards authority. Additionally, family businesses owned by women are at a disadvantage financially and are forced to rely on internal resources of funding rather than outside sources. The critical role of family in business, also emerges in cross-cultural studies which show a women relying heavily on the family for start-up capital.

7. What Steps Need To Be Initiated For Women Entrepreneurial Development In India?

A possible set of three inter-linked and inter-dependent clusters of recommendations can be aimed at “pushing” a larger number of women entrepreneurs towards growth opportunities, unlocking their potential as creators of wealth and jobs, and providing a more conducive legal and regulatory framework. These recommendations can also ensure the proper positioning of “pull mechanisms” to enable the growth-oriented women entrepreneurs to expand and grow in terms of investments, markets and profits.

1. Prioritizing and Pushing at the micro-level : There is a large and seemingly ever-increasing number of women entrepreneurs operating in micro-enterprises and in the informal economy. They can be facilitated to grow into sustainable, formally registered & large enterprises with the help of following actions:-

o Conducting gender analysis for all entrepreneurial support programmes

o Gathering data on women and men entrepreneurs

o Applying “target group segmentation” to women entrepreneurs

o Using targeted approaches for priority categories in order to provide additional “push” to women entrepreneurs to the next level of growth

o Promoting mobilization and organization of representative associations

o Examining differential impacts of governmental policies, programmes and actions

o Promoting development of demand-led supports for women entrepreneurs

o Promoting more flexible and innovative financial products by banks

2. Unlocking and Unfettering Institutional Framework: Policies, laws and overall regulatory environment are frequently seen as barriers and disincentives to expansion and growth. However, they need to be promoted in such a way that women entrepreneurs see the advantages of and benefits that come with compliance.

o Reviewing impact of existing and new instruments on women entrepreneurs

o Identifying those instruments that act as barriers to expansion and growth

o Modifying or dismantling these instruments

o Taking account of the social and cultural contexts affecting policy implementation and redress inequalities and abnormalities

o Making use of IT and associations so as to minimize the administrative burdens on women entrepreneurs

o Holding regular consultations with key factors like women entrepreneurs, women entrepreneurs’ associations, financial institutions, etc, to review progress and identify new bottlenecks.

3. Projecting and Pulling to Grow and Support the Winners : The first two sets of recommendations are aimed at trying to “push” more women entrepreneurs into growth situations as well as ensuring that laws & regulations do not stand in their way. The third possible recommendation relates to facilitating and “pulling” the women entrepreneurs into situations where they can actively pursue growth strategies.

o Providing incentives for expansion and growth after removing barriers and disincentives

o Encouraging and rewarding dynamic representative associations of women entrepreneurs

o Promoting strong links and synergies with existing major economic players

o Profiling the economic and social contributors among women entrepreneurs to the national economy

o Promoting and rewarding programmes that serve women entrepreneurs

o Making full use of data gathered to inform new policies, programmes and supportive actions

o Ensuring synergies between (a) women related ministry (b) economic ministry (c) welfare & social development ministry in the government.

8. Conclusion

With relevant education, work experience, improving economic conditions and financial opportunities, more women around the world are creating and sustaining successful business ventures. This will not only have an impact on the economies of the countries in which women own their businesses but also will change the status of women in those societies. It is likely that, as we begin this millennium, this will be the century of the entrepreneur in general and of the women entrepreneur in particular.

Reasons For the Slow Growth of Entrepreneurs in India

The definition says, Entrepreneurs assemble and allocate resources including innovations, finance and business acumen in an effort to transform innovations into economic goods. The saying goes like “Take the plunge and lead the way”. An entrepreneur is definitely not afraid to take the plunge.

Why is the Indian entrepreneurship scene so grim?

There are many obstructions that ail a budding entrepreneur in India. That’s not to say that there aren’t any entrepreneurs in India. It is just that the number is of entrepreneurs springing up is not that encouraging a figure.

Let us look into some of the reasons.

1. Lack of family support: This is an issue that’s plaguing entrepreneurs worldwide more so in India because of the stronger family ties that we Indians have. Family support is always absent in cases. Parents always prefer their progenies to take up a standard 9-5 job rather than take up a risky business venture where there is absolutely no guarantee that the venture will work out and there is always a very high level of risk involved.

2. Government regulations: The few ventures that break free from the shackles of the usual problems get entangled in the antiquated policies of our government. The very fabric our administrative system hinders the organic development of entrepreneurial ventures.

3. Lack of Internet penetration in India: World over the majority of the innovations occur in the internet space. In India the internet usage percentage stands at a meager 5% and this is number makes it really difficult to bring in money and the few entrepreneurial ventures that actually get graced by venture capitalists run in to problem later on during the course of operation.

4. Indian education system: The main reason there is very low innovation in this field is because of our educational system. Right from its inception our educational system has hardly had any focus on innovation. It is like we have been trained in rote learning rather than apply our minds. Without a killer innovative idea there is no way an entrepreneurial venture can sustain itself beyond the initial stages.

There are basically two types of the entrepreneurs

1. Those who come out with a completely new idea

2. Those who bring in a new idea and tweak it for the targeted market.

India being a developing nation hasn’t made much progress in the innovative direction. Since the technology in India is basically playing catch up to the developed countries, there is not much we have achieved in terms of the new ideas.

The most basic way Indian entrepreneurs can succeed is by trying to adopt methods and models that are already successful abroad and adapt it for the Indian market. This will definitely mean a low initial cost. If done well this can definitely lead to really good returns.

Most of all what we really need is to mold young minds and encourage them to think differently. They should be encouraged to let go of their inhibitions and actually take the plunge and tread a path that’s not yet been explored. This has been made possible by the starting of Entrepreneurship courses that are being taken up by colleges at the graduate and post graduate level.

Why India Needs Culture of Entrepreneurship in Classrooms

While there are successful examples of young innovators like PC Musthafa (iD Fresh), Sampriti Bhattacharyya (Hydroswarm) and Vijay Sharma (One97), the harsh reality is that an inordinately large number of start-ups fail. That’s the reason why academic institutions and organisations must assist and support the development of entrepreneurs in order to ensure high survival rate.

Young Indian entrepreneurs are making headlines with regularity. After an entire generation of cautious Indians who viewed entrepreneurship with suspicion-preferring stable and predictable careers in government service, banks, as doctors, lawyers and engineers-the tide is turning. There is optimism in the air as young entrepreneurs are daring to go global, drive innovation and experiment with unique business models.

The latest Global Entrepreneurship Monitor (GEM) report reflects this important cultural shift. The report noted that 58% of Indian adults (18-64 years old) consider entrepreneurship a desirable career choice and 66% think that entrepreneurs receive a high level of status and respect. And this is not just because Indian tech entrepreneurs are becoming global rock-stars. It is because young entrepreneurs from every sector-from agriculture to manufacturing-are putting India on a new path of growth and development.

Take the story of 42-year-old PC Musthafa, who quit a well-paying bank job in Dubai to return to India because he wanted to create job opportunities for the rural youth. He started iD Fresh Food, a dosa batter company, with his cousins, 550 square feet of space, two grinders, a mixer and a sealing machine. They began by selling 10 packets of batter a day. Today, iD Fresh Food sells 50,000 packets a day, has expanded its product range to ready-to-eat foods, and is a R100 crore company employing 1,100 people. Musthafa’s goal is to become a R1,000 crore company employing 5,000 people in the next five years.

Among the more innovative ideas his company is exploring is that of a Trust Shop-in apartment complexes and corporate offices-where you can pick up idli-dosa batter, ready-to-eat wheat parathas and chapatis, and drop the money in a box at the store. The store has no salesmen and is not monitored by cameras to keep an eye on shoppers who don’t pay. The stores are proving to be a success. Shoppers who don’t have money on them are coming back the next day to drop the cash. It is a unique low-cost model that can be scaled, ensuring that prices are kept low and stores are conveniently accessible 24×7.

Now let’s take the case of 28-year-old Sampriti Bhattacharyya, whose company Hydroswarm designs and manufactures autonomous drones that can scan ocean floors, look for lost aircraft, identify oil spills, and spot radiation under the sea.

Entrepreneurs and innovators like these are playing a major role in bringing unique ideas, offerings and business models to market-ideas that large companies don’t want to explore because they don’t have a clear and well-charted future and could pose a risk to their growth plans.

One recent study by a leading analyst has suggested that the micro, small and medium enterprise (MSME) sector-which includes such entrepreneurs-will increase its contribution to India’s GDP from the 8% share in 2011-12 to 15% by 2020.

The growth is not just because young Indian entrepreneurs are daring to dream up great new ideas, but also because they understand the value of hiring the best talent in the country. Take Vijay Sharma’s One97 Communication, the digital goods arm of Paytm. Sharma’s company announced its expansion into Europe and the US this July, using some of the best business talent in the country to enable the growth. In other words, Indian entrepreneurs are aware of what it takes to be globally competitive.

Going global should not be difficult for Indian entrepreneurs. Today, the best minds in the country are dreaming of entrepreneurship. This year’s IIT-JEE topper, Deepanshu Jindal, says that after graduation he wants to become an entrepreneur. Youngsters from prestigious educational institutions all over the country such as the IITs and IIMs are showing similar inclinations.

All this makes great news. But the harsh reality is that an inordinately large number of start-ups fail. Studies have shown that 47% of the jobs created by start-ups are eliminated because the business folds up in the first five years. This emphasises the importance of having academic institutions and organisations to assist and support the development of entrepreneurs in order to ensure a higher survival rate.

If India is to continue on its growth path, the contribution of entrepreneurs to wealth creation will play a pivotal role. This is why the importance of including entrepreneurship as part of standard curricula cannot be undermined. We must begin by creating a formal culture of entrepreneurship starting in classrooms where young minds and the nation’s future are shaped.

Languages of India – A Great Unifier Or Divider of People?

Language is usually considered to be an effective tool for communication between people in the process of transferring their ideas, message, knowledge etc. Languages of India are a great unifier as well as divider of people. Translation, whether it is a general translation dealing in languages of India, requires utmost care in transforming the text from the source language to the target language. The translator who translates and checks the Indian languages document should have in-depth knowledge in languages of India. The translator should also have a good grasp of the subject matter under consideration.

India is a land of many regional languages spoken in different regions. Hindi is the National language and spoken widely in Northern India. Tamil, Malayalam, Telugu, Kannada, Marathi, Oriya, Gujarati, Sindhi etc are the regional languages spoken in different regions of India. So reaching the larger general public means reaching through translator and their translation services. Today with the advent of internet, the dependence on internet for education, business, health etc. have been made easy. Now most of the business transactions, distance education, health advice through video conferencing, online shopping etc are readily accessible to general public through the internet from any corner of the country.

The translation documents translated by translator enable the readers from various part of the country to read through the local language websites. Through this unique Indian language facility, an online business company can transact with consumers easily. All type of national business meetings can be held with multilingual participants from different parts of the country and this helps to promote business within the nation. Moreover, marketing brands becomes an easy task with the help of Indian language translation features where the common customer can easily enquirer without speaking in languages of India.

The accuracy with which the local language translation features deliver the message is very important whether in business, selling products or education. This accuracy mainly depends on the closeness in meaning of the word translated into the required Indian language. It is a common belief that anyone who knows Indian languages can do the translation services. Mere knowledge of local languages does not qualify translator for professional translation. The translator should have good knowledge of at least two local languages, a mother tongue language and another local language.

Another quality of a good translator is that he/she should have the writing skill. Another important point to look forward in a good translator is that he/she should be able to translate the text according to the target culture.Indian translation is a complex task and hence the translators should have more patience, experience and above all concentration while doing the work. He/she is required to read and comprehend the information to be translated first and then start doing the work.

Relocation Services From Packers Movers Delhi, India

The entire process of relocation, whether it is home relocation or office relocation, is a tiresome and stressful time. It gives several unwanted and problematic issues. There are lots of things that have to be done during shifting or moving process. Packing of goods, arranging vehicles for transportation, loading and unloading of goods, unpacking and re-arranging them, etc all these tasks are very tedious and hectic. Often people become nervous while moving their home or office to a new destination. To get rid of all these unwanted issues, it can be helpful and beneficial idea to hire an efficient packers and movers company which can make your moving comfortable and hassle-free. By hiring the full services of an efficient moving company you can make your shifting easier and say good-bye to all your worries which come in your relocation process.

Services provided by an efficient Packers Movers India Company

o Packing of your household and office items

o Loading of your valuable goods on appropriate vehicle or container

o Unloading of your valuable belongings with utmost care

o Unpacking of your valuable belongings

o Rearranging of your valuable belongings

o Car Carrier and Transportation Services

o Sea & Air Cargo Services

o Local & International Shifting

o Freight Services

o Custom Clearance

o Insurance Services

o Parcel & Courier Services and

o Warehousing & Storage Services

If you too are planning to move your home or office to a new destination you can get benefited with these services provided by Indian packers & movers companies. You can choose one of them according to your needs and say good-bye to your shifting worries. There are several packing and moving companies running their offices in Delhi – the Capital of India. They provide full relocation and custom relocation services within the country and several neighboring countries. Packers and Movers Delhi based companies are gaining popularity rapidly because of their quality, reliable, and economical packing and moving services. They have a wide network of offices across the country and provide hassle-free national and international shifting/relocation services. They are known for their quality and excellent relocation services.

If you too are willing to relocate your home or office to a new destination you can hire an efficient Packers Movers Delhi based company to make your shifting easier, convenient and stress-free. Delhi moving companies have young staffs and workers who are expert in their job like packing, loading, unloading, unpacking, etc. While it comes to packing there expert professionals take utmost care and use appropriate material to pack your valuable belongings. While it comes to loading, unloading and unpacking, their expert workers take utmost care of your valuable belongings and take utmost care even a minor scratch in your goods.

Now, a question arises that from where you can find information about a packers and movers company? It is easy to find a moving company in this era of internet. There are several renowned packers and movers companies in Delhi and other major cities of the country who have their own website and provide information about their services. You can also ask for your relatives, friends or other people who have previously ever taken service of professional packing and moving company. But before selecting a mover company, you must examine its various factors; such as, reliability, type of services, cost of services, company experience, etc. Well, ready for moving, select an efficient Packers Movers India, and say good-bye to all your worries of relocation.

Agra an Emerging Business Hub in Utter Pradesh India

Agra is the third largest city in the state of Utter Pradesh and a well known tourist spot in the world because of its symbol of love The Taj Mahal Agra. Agra receives millions of tourists every year making it the best suited place for travel and tourism industry. Most of the businesses in Agra are some how related to travel and tourism. Agra has some of the finest hotel chains of the world that includes Taj Group of Hotels and Oberoi Group of Hotels. Apart from tourism Agra is also well known for leather goods and automobile parts manufacturing industries. What are the factors that make Agra an emerging business hub in India, let’s see one by one.

Infrastructure:
Agra has all the infrastructure facilities that are required to start and run any kind of business successfully. Whether it is office space, office equipments, production equipments and suppliers, Agra has every thing that a business need. Agra does have very good facilities to set up all required IT infrastructure. Water and electricity supply is also excellent in Agra as it is located on the banks of river Yamuna. The Government of Utter Pradesh is also very supporting and running several schemes to promote Agra as a business center.

Manpower:
Agra has always been a center of education in northern India as it has few world class universities, top notch collages and professional education institutes. So there is no shortage of educated and trained manpower in Agra. DayalBagh Educational Institute, Hindustan Collage of Engineering and Central Footwear Training Institute are some of finest professional institutions in Agra being known for their excellence in education.

Transportation:
Agra also tops in terms of transportation facilities as it is situated on National Highway No. 2 that connects New Delhi and Kolkata both are metro cities. Agra is also situated on New Delhi Chennai main railway line so there is no problem in goods transportation. Agra also takes advantages of Indira Gandhi International Airport as the distance between New Delhi and Agra is only of 4 hours.

Best Suited Business:
Because of very high volume of tourists in the city, it is best suited for travel related business. Hotels, Resorts and Travel Agencies are the prime business in Agra. Agra has been a major supplier of leather goods to the world and leather goods manufacturing unites are also prime businesses in Agra. The city also invites automobile parts manufacturing and trading companies.

Agra also has very good advertising and marketing services to market your business and relatively increase your sales. Agra Business Directory is one of such source and there are many online business directories where your can get your business listed and attract buyer from all across the globe.