Get All Access for $5/mo

Experts Call For Focus On MSMEs and Grassroots Innovation "Only sector that can provide the employment to the teaming millions is the MSME sector."

By Priyanka Tanwer

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Punita Sabharwal, Managing Editor, Entrepreneur India, Subhransu Sekhar Acharya, CMD, NSIC, Prof. Mukti Kanta Mishra, Founding President, Centurion University, Rahul Kulshreshtha, Strategic Alliances Division Office of Principal Scientific Adviser GoI

The agriculture sector employs 50 per cent of the total working population and only produces 18 per cent which means that is too much of a disguised unemployment in agriculture, Subhransu Sekhar Acharya, Chairman - cum- Managing Director, National Small Industries Corporation said.

He was speaking at the panel discussion on how g, academia and industry can foster a sustainable tech and start-up hub, at 14th edition of Entrepreneur Summit 2024, in Bharat Mandapam.

Speaking on the employment he said, "Only sector that can provide the employment to the teaming millions is the MSME sector. And when I say MSME sector, it also includes start-ups because start-ups are also subset of MSME superset."

He said that Innovation is important and we need grassroot level innovations. "We need wealth creation at the grassroot level. It's not just at the technology start-ups, but start-ups who are taking any idea or even making any improvement in the existing products and processes."

When asked about innovative environment Centurion University is creating for future entrepreneurs, Prof. Mukti Kanta Mishra, Founding President, Centurion University said that a lot of people who have not heard of Centurion because we are a very remote rural tribal area University.

"We are least visited. We are very invisible. That's why we have to be innovative. We have no choice. We are not just inclusive, we are also very integrated into the education system, because you deal with school dropouts to PhD scholars. The innovation is intrinsic into our system," Mishra said.

He said that we don't get the support from the industry, we can't innovate. So we don't do that. If somebody is doing it, we'll implement it. "Innovation is not always to create a new thing. How you scale it up is also very important for us and it is for our survival," he added.

He also said, "We don't try to create job consumers. We try to create job creators. We also don't want productive citizens instead of developing entitled clients of the country.

Speaking further on innovation, he said that we only talk about B to C and C to B businesses but we are not talking about the innovation. "There is nobody who has said B to B Innovation.

Rahul Kulshreshtha, Strategic Alliances Division Office of Principal Scientific Adviser Government of India who was also present at the panel discussion, said that we should actually go forward, and we should focus on all different areas.

"We have three focus areas. One is sustainable development goal. Talking about the technologies related or which is impacting SDGs. The second is emerging technologies and the third area which we have is the social impact technologies," Rahul added.

Priyanka Tanwer

Former Sr. Correspondent

  
Business News

Former Steve Jobs Intern Says This Is How He Would Have Approached AI

The former intern is now the CEO of AI and data company DataStax.

Business Process

How CEOs Can Take Control of Their Emails and Achieve Inbox Zero

Although there are many methodologies that leaders can use to manage their emails effectively, a consistent and thought-through process is the most effective way to systemize and respond to emails and is a step of stewardship for the effective leader.

Science & Technology

5 Automation Strategies Every Small Business Should Follow

It's time we make IT automation work for us: streamline processes, boost efficiency and drive growth with the right tools and strategy.

Marketing

5 Critical Mistakes to Avoid When Giving a Presentation

Are you tired of enduring dull presentations? Over the years, I have compiled a list of common presentation mistakes and how to avoid them. Here are my top five tips.

Leadership

Visionaries or Vague Promises? Why Companies Fail Without Leaders Who See Beyond the Bottom Line

Visionary leaders turn bold ideas into lasting impact by building resilience, clarity and future-ready teams.

Employee Experience & Recruiting

There's a Growing Demand For This New Type of Professional — Here's Why Your Startup Needs Them, Too.

As startups evolve, a new breed of talent — the "boulder climber" — is emerging: adaptable professionals who balance strategic vision with hands-on execution. Learn why these versatile hires are redefining success in lean, agile teams.