2-pronged strategy to help youth in Kashmir: RATAN TATA

PRESS TRUST OF INDIA

Mumbai, Dec 16: The Tata group will adopt a two-pronged strategy to give opportunities for students and entrepreneurs in the Kashmir Valley which includes supporting setting up of venture capital units.
 Outgoing Chairman of the Tata group Ratan Tata, who recently interacted with students of Kashmir University in October last, said the group would like to follow the 'American Venture Capitalist model' and help the local entrepreneurs in setting up their own business.
 "We will do two things that we have promised. We will interview students on campus through the university and the second is that we will provide internship to students in our companies," Tata, who
 retires as the group Chairman on December 28 when he turns 75, told PTI in an interview.
 The campus interview will be done as and when the graduation ceremony takes place, he said, adding "I promised them (students) that there will not be any bias against students from the University there."
 Tata recalled that during the interaction some students had asked him whether Tata group would be setting any business in Kashmir.
 "I expressed another view. I said we know what we should be trying to do with you is have you build your business and support you who have entrepreneurial spirit.
 "We should create something that's like the American venture capitalist model and then we can support that financially and help you get started and then bring our marketing experience or financial experience to help you," Tata said.
 "So I have advocated that if there are six or seven bright young people, who have an idea to start something, we should fund them, buy shares in that company and help them everywhere we can," he said but added that the process is yet to start.
 Under the American venture capitalist model, financial capital is provided to early-stage, high-potential, high risk, growth startup companies.
 The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as biotechnology, IT and software.
 Tata, along with some other industrialists, had addressed the students of the Kashmir University after which he had said that India Inc needs to do something special for the people of Kashmir rather than
 following normal business practice as the Valley had a great wealth of human capital.

Lastupdate on : Sun, 16 Dec 2012 21:30:00 Makkah time
Lastupdate on : Sun, 16 Dec 2012 18:30:00 GMT
Lastupdate on : Mon, 17 Dec 2012 00:00:00 IST




  • del.icio.us
  • StumbleUpon
  • Digg
  • TwitThis
  • Mixx
  • Technorati
  • Facebook
  • NewsVine
  • Reddit
  • Google
  • LinkedIn
  • YahooMyWeb
  • Print News

Enter the Security code exactly as you see it in the image security code is CaSe SeNsItIvE(Cookies must be enabled)
  • MORE FROM NATIONAL

  • Kashmir

Hurriyat (G) aghast at ban on screening of Ocean of Tears in KU

Srinagar, Dec 16: Terming the ban on screening of ‘Ocean of Tears’ in Kashmir University as “hypocrisy and unjustified”, Hurriyat Conference (G) has criticized the administration and said that move is More



  • Srinagar City

Violation of Food Safety Act goes unabated

SMC mute on sale of expired, substandard products

CONCERN

MUKEET AKMALI

Srinagar, Dec 16: In blatant violation of the Food Safety Act, sale of expired, substandard products and adulteration of milk is going on unabated in the summer capital in absence of regular monitoring More




  • Jammu

Omar seek support of corporate sector to JK Universities

SUMIT BHARGAV

Dhanore (Rajouri), Dec 16: Chief Minister Omar Abdullah Sunday said that corporate Sector of India should show interest in the development and growth of educational institutions in Jammu and Kashmir so More



  • South Asia

5 militants, 1 policeman killed in Pak gun battle

Attempt By Taliban To Storm Airforce Base In Peshawar

REZAUL H LASKAR/PTI

Islamabad, Dec 16: A fierce gun battle between Pakistani security forces and militants holed up in a house on the outskirts of Peshawar left six people, including a policeman, dead today, hours after an More



  • World

Egypt 'narrowly backs' constitution in first round of vote

Cairo, Dec 16: Egyptians have narrowly backed an Islamist constitution in the first round of a referendum over the contentious draft, unofficial figures showed today, even as the opposition accused the More



ADD
Designed Developed and Maintaned By Imobisoft Ltd /Algosol Software Solutions