VIJAYAWADA:Yet another forum where aspiring entrepreneurs can interact, plan and network has come into existence in the city. Andhra Chamber of Commerce and Industry Federation (ACCIF) has initiated this new forum - Next Gen.
Logo of Next Gen was unveiled by ACCIF president Mandava Prabhakar Rao and Krishnapatnam Port CEO Anil Yendluri here Thursday.
Speaking on the occasion, Rao said division of the state had brought problems as well as opportunities. “The next generation of businessmen should grab the opportunity and grow,” he said.
He opined that Next Gen could act as a good platform for the youth to learn the intricacies of business and trade from the first generation entrepreneurs. He stressed the need for diversification from traditional business ventures in service and manufacturing sectors.
Rao said most of the electronics goods and equipment was being imported while there were no exports of any electronic components or products from the country. “It is time we reversed the trend by setting up electronic units here and export them to earn good foreign exchange,” he said. His advice to young entrepreneurs was to stick to the basic qualities of commitment, sincerity and honesty.
Anil Yendluri, CEO of Krishnapatnam Port, said young entrepreneurs should not forget that first generation entrepreneurs had a lot of experience to rely on.
He explained how Singapore port was developed for strategic advantage to move forward and prosper.
He opined that government’s control of the port and port activity would give way to monopolisation and something should be done to ease the process and the way of doing business at the ports in the country, if they have to survive and grow.
“The delay in clearance and official logjam over several permissions is delaying shipments, which ultimately results in high costs,” he said.
ACCIF president-elect Muthavarapu Muralikrishna and others also spoke on the occason.