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REPORTS 116
EDII

schemes envision an inventive new generation of entrepreneurs who can set
up their small enterprises and start-ups, nurture innovations and bolster the
economy of the country.”

Talking about the support to start ups and entrepreneurship in the present
times, Shri Rane added, “Both existing and new MSME entrepreneurs
stand at an advantageous position. Existence of several incubation
centres, easier patent ling, ease of setting up business, and a myriad of
progressive schemes relating to legal formalities, credit, marketing, markets,
technology, intellectual property, human resource etc. have made it a lot easier.
MSMEs need to consider how ideas and execution need to go hand in hand. A bright
idea has to be followed by good execution.” Honourable minister also highlighted stories of great
entrepreneurs like Shri Dhirubhai Ambani to motivate students to reach great entrepreneurial heights.

Dr. Milind Kamble, Founder Chairperson, Dalit Indian Chamber of Commerce and
Industry and esteemed EDII Board Member, who had also graced the event as
Guest of Honour said, “Micro, Small and Medium Enterprises (MSME) sector is
the most vibrant and dynamic sector promising high growth potential for the
Indian economy. The sector holds immense promise in fostering creativity and
innovation in products and processes. Many MSME clusters proactive about
adopting new technologies. The MSME units, more often than not, need help in
upgrading themselves technologically, and it is very important to ensure that
they get help in this area.”

Speaking on the occasion, EDII Director General, Dr Sunil Shukla said,
“Entrepreneurship being a rewarding development strategy, more and more
enthusiasts are getting allured to the charms of being an entrepreneur; they are
equipping themselves with knowledge and skills, and subsequently stepping
forth with innovative enterprise ideas. Even established MSME entrepreneurs
are seeing opportunities to scale up. The Post COVID world has been particularly
tough and it all the more necessitates the signicance of knowledge and skills to
manoeuvre forth. The Atmanirbhar Bharat Abhiyan, especially focuses on MSMEs,
thus assigning certain strategic advantages to them. In consonance with it, EDII has
been working diligently to make India into one of the most fascinating MSME destinations.”

Release of the Global Entrepreneurship Monitor Report 2020-21

The eventful day also saw the release of Global Entrepreneurship Monitor Report 2020-21 at the hands
of Shri Narayan Rane. The Global Entrepreneurship Monitor (GEM) Survey is the largest annual study of
entrepreneurial dynamics in the world. The GEM India study is conducted using a well-established GEM
research methodology that is consistent across all participating countries and generates a variety of
relevant primary information on different aspects of entrepreneurship.

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