CII-Yi Jaipur Chapter organizes ‘Essentials to take a Legacy of the Family Business Ahead’

Posted On Tue, April 30, 2019, 7:00 PM

Jaipur: An integral part of the Confederation of Indian Industry (CII), Young Indians (Yi) with the motive of inspiring the youth with the experiences & challenges faced by successful entrepreneurs today conducted a session on “Essentials to take a Legacy of the Family Business Ahead” as a part of “Coffee with CEO” series at a city hotel. This was the 4th session of the series. Mr. Anand Mishra, Chairman, CII Rajasthan State Council welcomed all the young entrepreneurs for the session.

Interacting with the young guns, Mr. Shreekant Somany, Chairman & Managing Director, Somany Ceramics Ltd said, “Family business are core for the wealth creations. Worldwide 60-70% GDP comes from family business. In India, we do have 63 million MSMEs which are from family business. 48% manufacturing and 50% exports comes from these family owned businesses. This all shows how family owned business are important for our economy.” He further shared “family business creates true entrepreneurs. Earlier when I joined my business, almost 50 years back there was not much pressure. Youth used to complete their education and they would learn nitty-gritty once they join business but now situation has changed. Now it is important for youngsters to go for higher education first, get specialization and work experience before they enter into family owned business. Therefore, at times baggage of education, exposure makes the young entrant to look things with different perspective. So, it is essential to keep our mind clean, clear and always have open channel for communication.”

Mr. Somany also advised youngsters that while in business they should give emphasize on philanthropy, putting purposes in the organization and invest in innovation and Research & Development.

On this occasion, Mr. Nitin Gupta, Director & Head, CII Rajasthan stated that Mr. Shreekant Somany & Mr Vikram Golcha shared the dynamics of the Family Owned Businesses and their own experiences & challenges with the Yi members. In his opinion, this session will help them to groom as young & dynamic entrepreneurs in their professional journey.

Young Indians is a movement for Indian Youth to connect, lead, co-create and influence India’s future. Young Indians has a growing, inclusive membership across all geographies and demographics with over 2700 direct members in 43 chapters, and 19000 students YUVA members from colleges.

This press release is posted under categories Business, Start Up

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