Jammu: A young man has become an inspiration for many educated unemployed youth in Samba with his focused struggle towards becoming a successful industrialist.
Varinder Singh Salathia, who holds a master’s degree in mathematics, is not alone in the business. His wife, however, is equally responsible and runs successful education institutes in Samba.
He says that he never desired a government job and instead began his journey with a loan of Rs 4 lakhs from the J&K Bank in 1998. “The journey was very difficult since none of the family members were into the business. My father retired as Chief Education Officer and all other family members were in Government service,” he says.
However, he was focused and did not deviate from the decision of becoming a successful businessman to an industrialist. “My wife runs educational institutions, Samba and I am managing the affairs of the industrial unit,” he says while advocating the youth aspiring to become entrepreneurs to work for their dreams and never fear from the difficulties.
Starting from a distance education centre, an institution, a Playway School and competitive examination centre in Samba, he says, he alongwith his wife has managed expanding the business successfully gradually despite difficulties at the initial stage. “We also took the help of JKEDI,” he adds.
With advice from his friends, he says, he stepped into the industrial sector and started producing biomass products (with wood waste) used in place of coal in the industries.
“We took out a loan and set up the unit. As I am directly involved in the business, it is running successfully. We are producing a product which is in good demand,” he says.
Explaining about difficulties being faced by the freshers to set up industrial units, he urges that: “The banks should not make the formalities rigid. They must be flexible for the freshers. If the Government wants to encourage youth people into the industrial sector, the loan process should be easy and simple for the freshers. It is not possible for everyone to get a guarantor from the government sector.”
“The youth must be encouraged towards the industrial sector as it has huge potential for generation of job opportunities and young minds with ideas can take the country towards prosperity,” he adds further.