Seminar on “ Start-up Initiatives – An Indian Perspective”
The Institution Innovation’s Council of Jansons Institute of Technology participated in a seminar on “Start-up Initiatives – An Indian Perspective” organised by Kumaraguru college of Technology under Mentor- Mentee scheme. The seminar was conducted on 25.05.2022 between 3.00 pm to 4.30 pm. The session was handled by Dr.D.Surendhran, CEO of Skil Fasteners Private Ltd Coimbatore. He instructed the youngsters India is the third largest ecosystem in the world, behind the United States and China, and it is anticipated to experience 12-15% steady yearly growth year over year. The start-up has created between 1.6 and 1.7 lakh new jobs, and the Department of Promotion of Industry and Internal Trade (DPIT) has recognised over 61,400 start-ups, including 14,000 during FY year 2022. The speaker also covered the causes of startup failure and the phases of a startup’s development. He elaborated on the essential legal compliances; types of business entities and their legal status, member liability, number of members required, transferability, taxation, annual statuary meetings and filings, etc.; The ethical compliances for startups were discussed. He described the role that marketing and advertising play in critical role in the growth of start-ups and careful compliance with advertising rules stops them from not only avoiding penalties but also being ethical, particularly Infrastructure-related Zonal Laws and Data Protection Laws.
The Startups are accountable for their responsibilities toward customers, staff, the environment, and other startups. His session served as a motivation and encouragement for young minds who are aiming to become successful entrepreneurs. The webinar ended with a vote of thanks by Dr. Alagu meenaakshi /IIC of KCT and feedback collection.