Businessmen offer tips to enterprising youngsters

Businessmen offer tips to enterprising youngsters
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Businessmen offer tips to enterprising youngsters.Andhra Chamber of Commerce and Industry Federation president M Prabhakara Rao exhorted young entrepreneurs to strive and make Vijayawada an international brand.

Businessmen feel that there are ample opportunities for budding entrepreneurs under the new government and there is a lot of scope in service, food processing and electronic sectors

Andhra Chamber of Commerce and Industry Federation president M Prabhakara Rao exhorted young entrepreneurs to strive and make Vijayawada an international brand. He was speaking at the launch of the Chamber’s Next Gen initiative.Rao opined that there ample opportunities in the new State would be riddled with challenges and said that the country has been lagging behind in trade due to increasing imports.

“New innovations must be made to promote industries including service sector in the capital region. There are ample opportunities in the service, food processing and electronics sectors in the country. Rayalaseema region would be best suited for industrial development in the State,” Rao.Addressing budding entrepreneurs, Chamber federation president-election Muthavarapu Muralikrishna said that majority of the youth was looking after family businesses and they have to think in a broader aspect to make Vijayawada an international brand name. He asked them to strive hard to achieve global acclaim.

Krishnapatnam Port managing director Anil Kumar advised them to explore other areas that were previously unexplored. Explaining the success of Krishnapatnam Port, Kumar said, “The port achieved highest success rate within a short time and is pegged to achieve 16 per cent growth rate this year in handling highest quantity of cargo. The port has been providing revenue of Rs 4,500 crore to government and Rs 7 crore per day for the South Central Railway, Vijayawada, division through cargo transport.”

Referring to Machilipatnam Port, he opined that it may cost around Rs 6,000 crore for first phase and it has to handle 40 million tonnes of cargo to survive.The budding entrepreneurs clarified their doubts on the untapped opportunities. Andhra Chamber executive director P Bhaskara Rao said that people below the age of 30 would rule the economy of the country in the coming years. “The Next Gen forum would provide an opportunity to young entrepreneurs to learn more and emerge as successful entrepreneurs,” he added.

Photo caption: (From left) Andhra Chamber of Commerce and Industry Federation president-elect Muthavarapu Muralikrishna, president M Prabhakara Rao, Krishnapatnam Port managing director Anil Kumar and P Bhaskara Rao launching the Next Gen logo of Andhra Chamber of Commerce and Industry Federation on Thursday.

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