Don’t be afraid to fail, big failures bring big success, says Union minister Pradhan


PTI, Dec 7, 2023, 10:01 AM IST

For India to become a developed nation, it will have to repose faith in youngsters, handhold and mentor them and celebrate their failures, Union Education and SKill Development and Entrepreneur Minister Dharmendra Pradhan said on Wednesday.

He said there is no shortcut to the goal of India becoming a developed nation.

”If we are to become a developed country, there is no shortcut. We have to repose faith in our youngsters, we have to handhold them, mentor them, celebrate their failures. Then only we can create an ecosystem. I am happy that with Prime Minister Modi’s vision, Gujarat is at the forefront of this model,” Pradhan said.

He was addressing a roundtable discussion of unicorns and venture funds ahead of “Start-up Conclave-2023″ organised as part of a pre-Vibrant Gujarat Global Summit event here in Gandhinagar.

”Today, India is the number fifth economy of the world. What is the roadmap ahead for all of us in the ‘Amrit Kaal?’ We have to make India a developed country. We have no alternative to this. How to achieve that? We have to repose faith in our youngsters, on our new business models,” he further said.

The primary feature of the start-up ecosystem is to place trust in all stakeholders, stated the minister.

”Failure is a must. When somebody fails, he has two options — he will cease to create, or he may come out with a bigger idea. Big failures bring big success… You have to fail. Only by failing will you be able to do something big,” he maintained.

Pradhan said today educational campuses have become an epicentre of the start-up ecosystem. The National Education Policy 2020 (NEP 2020)places emphasis on creating skilled manpower.

Prime Minister Modi’s emphasis on the need for wealth creators and job creators is the fundamental of the ecosystem, and NEP 2020 is putting emphasis on this area, the Union minister said.

”It is a nice coincidence that India is an aspirational society, a young country, and there is a bounce in the market. The purchasing capacity of average India is increasing day by day. People are coming out of below poverty level. ..Spending behaviour of the country is changing. Here there is a big scope with the kind of digital public infrastructure that we have,” he said.

Representatives at the event deliberated on various aspects of the start-up ecosystem covering topics such as investment landscape, innovation and research, government support, market access and funding, among others, with an aim to come out with an agreement on actionable steps, responsibilities, and follow-up mechanisms.

The ‘Start-up Conclave 2023,′ scheduled on December 7, will put a spotlight on India’s narrative on early stage firms, its emerging players, and offer insights for informed investment choices, stated a government release.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Maharashtra Polls: Eknath Shinde targets Uddhav for `giving up’ Bal Thackeray’s principles for power

Will appear before Lokayukta for questioning in MUDA case, says CM Siddaramaiah

Lies have short life, Cong’s ‘fake’ narrative smashed: Fadnavis

Temple idols found desecrated in Hyderabad, case registered

SC junks plea against quashing of LOC issued to ex-house help of Sushant Singh Rajput

JPC chairman Jagdambika Pal to visit K’taka on Nov 7 to meet farmers protesting Waqf notices

Indian boxer Mandeep Jangra wins WBF’s world title

Related Articles More

Heroin worth Rs 3.5 crore recovered in police raid in Delhi, 2 arrested

Treated Muslims like fuel for ‘lantern’: Prashant Kishor targets Lalu, asks upper castes to stay away from Nitish

Wayanad Bypoll: Politics in country, Kerala not genuinely working for people, says Priyanka Gandhi

Malegaon blast trial: Court issues bailable warrant against Pragya Thakur

Maharashtra Polls: Eknath Shinde targets Uddhav for `giving up’ Bal Thackeray’s principles for power

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

Davanagere: Man murdered by relative for insurance money; 4 arrested within 24 hours

Heroin worth Rs 3.5 crore recovered in police raid in Delhi, 2 arrested

Govt clerk found dead in Tahsildar’s chamber, FIR filed against minister’s PA, 2 others

Treated Muslims like fuel for ‘lantern’: Prashant Kishor targets Lalu, asks upper castes to stay away from Nitish

MP Brijesh Chowta urges Kerala CM for strict action against attack on Edneer Swamiji’s vehicle

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.