KCCI favours centre to encourage entrepreneurs of family businesses

- Advertisement -

Kanara Chamber of Commerce and Industry (KCCI) recently organised a seminar on opportunities and challenges for family business to dwell upon issues being faced by entrepreneurs of family businesses and to encourage it.

The programme was organised in association with The Indian Family Business Journal, said a release.

Director, Global Family Managed Business Programme, S.P. Jain School of Global Management, Mumbai, Parimal Merchant was the resource person at the event.

Prof. Jain dwelt upon the importance of family business and its contribution to the Indian economy during his presentation, which included the history of family businesses in India, universal challenges that family businesses face in India and how the age-old wisdom of ancestors of family business have over a period guided and nurtured these enterprises.

Mr. Merchant emphasised the need to inculcate strong values and beliefs in the younger generation with a view to building a strong business structure.

KCCI said that family businesses had played an important role in industrialisation, trade and commerce in the country. Some of the leading business houses of today have created enormous wealth, employment and made contribution to nation building, started as family businesses.

Dakshina Kannada is no exception with over 90% of the trade, commerce and industry having roots as family businesses.

The chamber has mooted the concept of Family Business Centre in the district considering its importance, the release said. The goal will be to provide all resources and support needed to nurture family businesses. KCCI said that family business is not given due attention unlike start-ups and corporations and that has been demotivating the younger generation of family business. Consequently, they are leaving well-managed ancestral family businesses.

Chamber president Shashidhar Pai Maroor and others were present. Decision-makers of over 30 business families of Dakshina Kannada with diverse interest in cashew, medical and pharmaceuticals, commodity trading and tourism participated in the initiative.

Disclaimer: This post has not been edited by our staff and is published from a syndicated feed. The Original Source of this post can be found at Source link


Bommai will lead BJP in Assembly elections in Karnataka: C.T. Ravi

BJP’s national general secretary justifies Bajrang Dal’s firearm training to youths in Kodagu stating it is meant to impart...

Petrol, Diesel Sales Rebound In May As Demand Returns

<!-- -->Petrol sales grew 14 per cent during the first half of May.New Delhi: India's petrol and diesel consumption jumped in May as pick...

Extremists want comforts of life, not solution to Naga issue: Nagaland...

Yangthungo Patton said the Centre has been very clear on no separate flag and constitution as part of the peace deal Yangthungo Patton said the...

India hosts SCO-RATS meeting; focus on situation in Afghanistan

Counter-terrorism experts from India, Pakistan and other member states of the Shanghai Cooperation Organisation (SCO) on May 16 deliberated on boosting cooperation in...

Varun Dhawan gives a tour of his house, channels Upside-Down horrors...

It turns out that Varun Dhawan might have gone over to the horrific Upside-Down from Stranger Things, going by Netflix’s latest promo for the...
- Advertisement -

More Articles

- Advertisement -