Entrepreneurship is an act of starting with new assignment and the associated risks along with the inbuilt responsibilities. It goes beyond just the creation of a new venture to ensure its continuous survival. An entrepreneur is the one who has the will and ability to transform a mere idea or invention into a successful innovation. The ability to create something new and initiate change in the society is what makes all the difference and signifies the act of entrepreneurship. In the recent times it has become an ultimate tool to tackle almost all the economic problems. India is a developing economy and there is a dire need to come up with an alternative that would not only help fight the problems of unemployment and sagging growth rates but would also help economy in strengthening its footing against the developed economies.
“Entrepreneur = Innovation + Risk + Responsibilities + Accountability”
Key Issues in India
- Advancing Towards a Digital Economy
- India’s Infrastructure Gap
- India’s Manufacturing Growth
- Quality of Institutions
- Employment and Employability
- Global Interests and Positioning
- Agricultural Reforms
India & its Youth
Youth are the backbone of any nation. Youth being energetic, artistic, innovative, enthusiastic and dynamic in nature constitute the most crucial part of the population. They have all the qualities that are necessary to make a nation strong and capable of standing its rivals. India seems to stand at an advantage because of its huge youth population which is higher than any other nation. The higher number of young individuals means more educated job aspirants looking for suitable job opportunities. Youth are the active participants and creative digital innovators whose contribution to sustainable development has always remained visible. However, to utilize their talent to the best, proper policy measures and motivation mechanisms are needed to channelize their energy in the right direction towards the right goal. Motivation mechanisms are needed to channelize their energy in the right direction towards the right goal.
The process of entrepreneurship from the day of inception of idea is a long one. Entrepreneurs go from the various paths to tackle the challenges. They become a new way to achieve what one is capable of. Moreover the zeal to do something new and be one’s own boss makes it a perfect option for young individuals. The lack of resources, knowledge, accurate information, legal complications and negative societal environment makes the process more tedious and painful. These problems discourage many young individuals from taking up the opportunity due to fear of losing and falling in financial crunch.
Key Issues for Entrepreneurship in India
- Human Capital and Mindsets
- Emerging Market Entrepreneurship
- Ecosystem for Innovation-Driven Entrepreneurship
- Corporate Intrapreneurship
- Social Impact-Driven Entrepreneurship
Youth Entrepreneurs and their role in Indian economy
Youth has a potential to contribute to personal development of young people, and improve their living and to address injustice in society.
“An economy is the effect for which entrepreneurship is the cause”.
Entrepreneurship has become an important subject of investment and thus governments are taking all the possible steps to solidify its footing in economy. Thus, entrepreneurship serves to play many roles in a nation and therefore needs to be addressed from different views considering the level of development of respective nations. A young person through his act of starting a new enterprise sets an example to other young people and thereby presents entrepreneurship as a mechanism for garnering employment and better financial outcomes for aspiring young folks. There have been tremendous efforts undertaken by the Indian government to boost entrepreneurship and encourage young entrepreneurs. Various initiatives in the form of introduction of Make in India (2014), Startup India (2015) and Digital India (2015) campaigns have been launched to strengthen manufacturing sector, make funding easier and connect rural areas by developing their digital infrastructure. These initiatives are expected to boost the confidence of entrepreneurs and make government services available in all areas.
Entrepreneurship is being recognized as the driving force of the market. Innovation is crucial for a driving economy and it is in great demand for the increasingly competitive world. India has witnessed several innovative ideas and business driven by start-ups thus leading to entrepreneurship emerging as a valuable input to the economic growth of the country. In the context of Indian market, both the central and state level, have been taking initiatives to boost the entrepreneurial ecosystem as they realize the benefits entrepreneurship brings to the economic growth of the country.
Firstly, an entrepreneur is not just creating self employment but also building a structure for small to large scale enterprises. This in turn stimulates the economy. Secondly, an entrepreneurship also helps in modernization in the regional areas. So, they are setting up the base in their home town and driving investor attention and incubation centers to these cities too. Thirdly, an entrepreneurial driven economy drives innovation in manufacturing of goods and services at an affordable price. These are for the consumption within the country and hence, will lead to growth in the national income and reduce import dependency making economy stronger.
Youth entrepreneurship has the ability to save the nation from high unemployment, poverty and stagnation. The list of benefits that young entrepreneurs provide to a nation is never ending. There is a strong need to initiate an “entrepreneurial revolution” that would help generate the entrepreneurial spirit among the youth of the society. It is important to create an environment that is suitable to youth entrepreneurship.
“Every single person I know who is successful at what they do is successful because they love doing it.”
Written by Barkha singh
SPLAN provides you a full range of support and service for establishing automobile industries including 2W, 3W, 4W, EV’s, Tractor, E-Rickshaw, Bus, Truck, Trailer, CEV, Power Tiller & Combine Harvestor. SPLAN also offers comprehensive certification and homologation services for the entire range of automotive vehicles as well as systems and components. SPLAN is an expert agency for testing and certifying following types of vehicles and engines used for both automotive and non-automotive applications. SPLAN already did a lot of certification & licenses for various automobile industris including 2W, 3W, 4W, EV’s, Tractor, E-Rickshaw, Bus, Truck, Trailer, CEV, Power Tiller & Combine Harvestor.
To certify or to sell automotive products in different international markets, one needs to be aware of each market’s specific legal requirements and obtain the necessary approvals from approval authorities.
In India following are the test agencies notified by Govt. of India, such as
Vehicle Research and Development Establishment (VRDE) of the Ministry of Defence of the Government of India (DRDO) or Automotive Research Association of India, (ARAI) Pune,
The Central Farm Machinery Testing and Training Institute (CFMTTI), Budni (MP),
The Indian Institute of Petroleum, Dehradun, or the Central Institute of Road Transport (CIRT), Pune,
The International Centre for Automotive Technology (ICAT), Manesar,
We can assist you in navigating the process for type approval and handle your approval process through various Test agencies approval authorities for Indian and International. We assist in preparing the vehicle, testing, documentation prior to submission of the vehicle for type approval (CMVR Certificate). We can provide the below activities
- Help you determine the technical and legal requirements for Indian markets
- Identify the approvals you need, based upon our research results
- Optimize the number and efficiency of the required tests.
- Offer you specific advice on issues that may emerge due to gaps or unclear wording in the legal standards that provide the basis for testing.
- Support you during the approval process, from the time of filing your application through to receipt of the approval certificates.
- Assist you in the preparation of your manufacturer’s documentation for Indian market.
- Assist you to certify the vehicle level testing by third party such as TUV, VCA , Applus IDIADA,
- The process of obtaining Type Approval can be a complex and time consuming.
We have experience in a wide range of homologation services for automotive and its products. We are able to offer a diverse range of services to the automotive sector seeking type approval for its products. We also assist in obtaining variant or extension Certification for all category of vehicles.
Our type approval expertise covers all vehicles from
- Two Wheeler
- Three Wheeler
- Passenger Car
- Light Commercial vehicles
- Heavy Commercial Vehicles
- CNG Vehicles
- LPG vehicles
- Electric vehicles / Battery Operated 2w,3w,4w ,Truck & Bus
- Ethanol Blend vehicles
- Hybrid Vehicles
- Retro-fitment Electrical vehicles
- All types of vehicles and its related components
ARAI Homologation Consultant
ICAT Homologation Consultant
Consultancy Services For E Rickshaw
Consultancy Services For E-Bike
Application for WORLD MANUFACTURER IDENTIFIER (WMI code)
Globally, automotive manufacturers utilize a numbering system called the Vehicle Identification Number (VIN) to uniquely identify a vehicle. The VIN comprises of 17 characters that uniquely identifies the vehicle as provided in ISO 3779 and ISO 4030. The first 3 characters of VIN that uniquely identifies the manufacturer of the vehicle is called the World Manufacturer Identifier (WMI). The next 6 characters of VIN is known as the Vehicle Descriptor section and the last 8 characters are known as the Vehicle Indicator Sector. CHECKLIST FOR WORLD MANUFACTURER IDENTIFIER (WMI) APPLICATION
There are several standards available on VINs and WMIs:
SAE – J129 – Engine and Transmission Identification Numbers
SAE – J187 – Truck Vehicle Identification Numbers
SAE – J218 – Passenger Car Identification Terminology
SAE – J272 – Vehicle Identification Number Systems
SAE – J853 – Vehicle Identification Numbers
SAE – J1044 – World Manufacturer Identifier
SAE – J1229 – Truck Identification Terminology
SAE – J1877 – Recommended Practice for Bar-Coded Vehicle Identification Number Label
SAE – J2750 – Assigned Identification Number Structure and Usage for North American Vehicles/ Watercraft Other than Certified to Federal Regulations
As India enters the era of robots and artificial intelligence, most companies plan to automate jobs to compete on cost. But will replacing humans with machines really turn India into a global economic powerhouse? A new report suggests that a more effective strategy could be to train its workers for the future, giving them the skills they need to work with sophisticated machines, data and algorithms. For businesses facing increasingly complex production processes and a tough global marketplace, cheap labour is no longer the main factor. Instead, the most successful employers are looking for talent and skills in new hires, using technology to enhance rather than automate existing jobs.
The current global economy is caught in a major paradox. We live in a world where systems using artificial intelligence (AI), robotics and automation are matching or exceeding human performance in more and more domains.
In the light of these facts, the NITI Aayog’s latest move to shift the policy focus on AI to stimulate social and inclusive growth is a positive step. Such applications of digital technology can unleash higher levels of productivity gains and push the envelope on the delivery of public goods on a national scale. The real litmus test will be the execution of the policy, but for now it can be said that India has entered the AI playground at the perfect time.
Now human development, enabled by technology advances that are commensurate with those of the first, second and third industrial revolutions, and which are merging the physical, digital, and biological worlds in ways that create both promise and peril.
- Digital Communications
- Artificial Intelligence and Robotics
- Space Technologies
- Information Technology
- 3D Printing
- Future of Production
- Internet of Things
- Virtual and Augmented Reality
- Advanced Materials
“With the world’s largest youth population and more than half of its population of working age, skills development will be critical to sustaining inclusive growth and development in India,” said Dharmendra Pradhan, Minister of Skill Development and Entrepreneurship of India.
Source World Economic Forum.