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Entrepreneurship Development
Institute

NAME Enrolment Number

Paresh Golani 136540319031
Rajan Desai 136540319018
Virensinh Chavda 136540319011
Chandrapalsinh Dabhi 136540319013
Abhijeet Dabhi 136540319012

Desai Rajan
VISIT REPORT:

ABSTRACT
Entrepreneurship introduces a critical element of dynamism into an
economic system. The process of globalization & liberalization has
introduced a set of changes like the introduction of dynamism into the
system through the process of globalization. The Aim of the article is
to elucidate the history of entrepreneurship, its development stages, it
also discussed about eminent entrepreneurs from Indian history to
present Era .The data has been collected from secondary source.
Further, this paper depicts the role of women entrepreneurship in
India. Since time in memorial women are contributing a great deal to
the development of any nation across the world. It goes without
saying that Indian women entrepreneurs have significantly
contributed to the industrial development of India. Apart from giving
good citizens to the nation, women have also given good
organizations to the nation.

Introduction
The story of the Indian entrepreneurship is fills with paradoxes.
During the pre-colonial and colonial era, the entrepreneur was seen
more as a trader-money lender merchant, bound rigidly by caste
affiliations and religious, cultural and social forces ranging from the
philosophy of fate to the system of joint family. Entrepreneurship as
the present era understands was definitely not forthcoming from this
social segment. Political & economic factors had an extensive effect
on the entrepreneurial spirit. There were many issues that impact
negatively on Indian entrepreneurship like Lack of political unity and
stability, absence of effective communication systems, existence of
custom barriers and oppressive tax policies, prevalence of
innumerable currency system until around the third decade of the 19th
century. Indian Entrepreneurship ruled by the community system in
the Historical past. Brahmans were learned men who had assisted the
kshatriyas (rulers) in the administration, vaishyas have performed
trading and industrial productive activities and shudras engaged in an
agricultural occupation. Also, the people were organized in a very
simple type of economic and social system. In the way to implement
this concept to modern entrepreneurship, it can compare with the
villages are the organization and an entrepreneur is called as a
craftsman. The independent India could claim to have created a
conductive climate for spread of entrepreneurship. It is in this broad
backdrop that the later evolution and growth of Indian
entrepreneurship has to be located.

Definition
Entrepreneurship is living a few years of your life like most
people won’t, so that you can spend the rest of your life like
most people can’t.” – Anonymous
“An entrepreneur need not necessarily mean one who is
running a commercial business, but also one who is
adventurous”.
-Sadguru Jaggi Vasudev, founder of the Isha Foundation “An
entrepreneur is a person who stood for what he/she believed in
and was able to transform the lives of others through his/her
action”.
Objectives of the Study
1. To elucidate the history of entrepreneurship in India.
2. To study the eminent entrepreneurs in Indian history and
their journey towards entrepreneurship.
3. To analyze the future of entrepreneurship in India.
4. To elucidate the role of Women Entrepreneurship in India.
Methodology of the Study
The data and information has been collected from secondary
sources like magazines, business newspapers, journals,
periodicals, reports, text books and websites. Further,
interviews , lecturers on related area were also taken into
consideration for the study. The period of the study for
eminent entrepreneurs were considered as 2 centenaries i.e.,
from 18th century to 20th century.
History Of Entrepreneurship
The history of entrepreneurship in India starts in the era of
Indus Valley Civilization. Its economy depended majorly on
trade, which was facilitated by advanced transportation
technology. During the copper age, the Indus Valley
Civilization area showed ceramic similarities with southern
Turkmenistan and northern Iran which suggested considerable
mobility and trade. During the Early Harappa period (about
3200–2600 BCE), similarities in pottery, seals, figurines,
ornaments, etc. document intensive caravan trade with Central
Asia and the Iranian country. There was an extensive
navigation trade network operating between the Harappa and
Mesopotamian civilizations as early as the middle Harappa
Phase, with much commerce being handled by modern
Bahrain and Fail aka located in the Gulf. Such long-distance
sea trade became feasible with the innovative development of
plank-built watercraft, equipped with a single central mast
supporting a sail of woven rushes or cloth. History elucidates
that Aside from the subsistence of agriculture and hunting, the
Indus people supported themselves by trading goods. Through
trade, the Indus Civilization expanded its culture, coming into
regular contacts with faraway lands.
Growth of Entrepreneurship –
Retrospect and Prospect
The growth of entrepreneurship particularly in the small scale
sector can be traced to the Second World War boom which
brought many enterprising people from various walks of life
including businessmen, artisans, etc.., into the small industrial
sector as entrepreneurs. During this period, quite a number of
skilled workers established small firms using older machines
and investing capital from private sources. During the post-
independence period, India launched planned economic
development programmes in all sectors of the economy
including small industries. One of the steps taken to
encourage indigenous entrepreneurship was to ban the imports
of a large number of consumer and other goods. This created a
big vacuum in the Indian domestic market. Some of the
businessmen, traders, agents themselves became
entrepreneurs, taking advantage of the prevailing market
situation.

The Maurya Era

vast territory, better trade. Widespread use of metallic money,
Missions to Sri Lanka and Southeast Asia increase trade. The
economy, in all its important aspects, was controlled by the
state, and mines, forests, large farms, munitions, and spinning
industries were state owned and managed. The people were
divided into seven endogamous groups--philosophers,
peasants, herdsmen, traders, soldiers, government officials,
and councillor. The army was composed of the four traditional
Indian divisions: forces mounted on elephants, on chariots,
cavalry, and infantry, and tended to be large (Chandragupta's
forces reputedly numbered 600,000 men). The religious life of
the empire may perhaps best be characterized as pluralistic.
The general religious policy of the Mauryas was to encourage
tolerance. In modern times the Maurya Empire is remembered
as one of the golden ages of Indian history, a time when the
country was united and independent.

Entrepreneurship-Present Era
C.K. Prahlad , ―Fortune at the bottom of the pyramid‖ states
that the need for innovation in entrepreneurship.
Entrepreneurs should follow the ― sand box ― approach in
innovation. The reason is ,sand in box is free flowing, shifting
boundaries i.e., free from exploration and even playful
experimentation with in extremely fixed specific
constraints(the walls, straight & rigid). In countries like India
with 700 million bottom-of-the pyramid. Consumers at
varying level of income, the need for innovations that meet
these criteria is now become obvious. Nation urges
Entrepreneurs to Explore domestic opportunities To succeed,
one need to continuous innovation & to have continuous
innovation, one need to tap thinking of every one in
enterprise. Innovation plays a key factor in an entrepreneurial
quality.
Importance
Innovation In entrepreneurship The rules and principles are
similar for every entrepreneur who owns large or small
enterprise. Only the difference is, The starter face toothache
and hick ups at the early stage ,where as existing business face
different problems, limitations, management problems and
constraints in the market etc. Both the cases it needs to learn
many things and should be innovative for the survival in the
business market. The daily crisis cannot be postponed, it has
to be dealt with right away. And the existing operation
demands high priority and deserves it. It thus takes special
effort for the existing business to become entrepreneurial and
innovative. As Drucker says, The enterprise that does not
innovate inevitably ages and declines. And in a period of
rapid change such as the present, an entrepreneurial period,
the decline will be fast. Innovation requires major effort. It
requires hard work on the part of performing, capable
people—the scarcest resource in any organization.

Women entrepreneurs in India

Since time in memorial women are contributing a great deal
to the development of any nation across the world. It goes
without saying that Indian women entrepreneurs have
significantly contributed to the industrial development of
India. Apart from giving good citizens to the nation, women
have also given good organizations to the nation. Obviously,
what man can do, women can do better through their
dedication and commitment. This has been proved time and
again in the analysis of Indian business history. Under the
stewardship of women scores of industries have made rapid
strides and progress. The business models and management
styles followed women entrepreneurs worth replicating across
the world. There is saying where women are respected, dwells
God. Similarly where women are there in the industry dwells.
Future of Entrepreneurship
Technology
plays a crucial role in the future of entrepreneurship.
Entrepreneurs have the chance to do both strategic planning
and administrative work for their business. They can get
involved in all sides of their business because the Internet
makes it possible to do so. The future of entrepreneurship
could involve high-performing entrepreneurs rather than
people working for huge, faceless organizations.. The Internet
and especially social media tools makes it possible to ‗turning
passion into a thriving business‘, and that anyone can create a
personal brand and leverage it worldwide through technology.
International Journal of Social Science & Inter discipl Further,
that entrepreneurs need to get up to speed with the latest
innovations in business. Managers, entrepreneurs and other
business-driven people simply cannot compete in today‘s
market if they do not adopt the right tools. Social media, for
instance, is indispensable to any business, in any industry, as
it offers a range of business benefits both internally, within a
company, and externally, between a company and other nodes
of the business, such as clients or suppliers. it will also
moving from an era of multinational businesses to one of the
global small business. This means that anyone, wherever that
person is located, can build a successful business if online
tools are properly optimized. As the Internet revolution
advances, so does entrepreneurship. With constantly new and
easier ways to build business, succeeding in this new era is a
matter of having two things: Internet and a device that gives
you access to it. Once an entrepreneur is in possession of
these two, it is a matter of learning and mastering the different
tools available online to turn your idea into a thriving
business.

REGIONAL OFFICES
East : Bhubaneswar
Central : Bhopal
North : Lacknow
North east : Guwahati
South : Bengluru
Thrissur

EDI OF AHMEDABAD
 Conclusion
“An entrepreneur searches for change, responds to it and
exploits opportunities. Innovation is a specific tool of an
entrepreneur hence an effective entrepreneur converts a source
into a resource.” -Peter Drucker, Management Guru
Entrepreneurship is the lifeblood of any economy. Indian
entrepreneurs are more about overcoming barriers, obstacles,
inspiring & surmount in their fields. Entrepreneurship is one
of the important segments of economic growth. Innovation is
a key factor that an entrepreneur brings in an overall change
through innovation for the maximum social good. The growth
of entrepreneurship particularly in the small scale sector can
be traced to the Second World War boom which brought
many enterprising people from various walks of life. As
someone said ―failures are the stepping Stones for Success‖.
If we observe the way any entrepreneur, their life is not a bed
of roses. They faced many obstacles in the way of
entrepreneurial achievement. Furthermore, women can tell the
condition of a nation, she acts as a central cohesive source of
support and stability, not only to her family but also to whole
nation. There is saying where women are respected, dwells
God. Similarly where women are there in the industry dwells
progress and prosperity. The bottom line for all the
entrepreneurial life taught the first lesson for success; and that
is failure.
References
1. Swami Vivekananda ―Entrepreneurship on Focus‖
2. Wikipedia http://en.wikipedia.org/wiki/Entrepreneur
3. Jaggi Vasu dev, the 4‗I‘ mantras of entrepreneurs,
Business Line, 2012
4. Tata steel India, Pioneers, ―The men of Steel‖, jemshedji
Tata profile.
5. Scribd, History of entrepreneurship, entrepreneurship and
SME Management.
6. Economics of the Indus valley civilization, by Chad
greenwood
7. Ratnagar, Shereen (2006). Trading Encounters: From the
Euphrates to the Indus in the Bronze Age. Oxford University
Press, India
8. Ozgurzan, ―Peter Drucker on Entrepreneurship‖
9. The economist, Indian Entrepreneurs: 10 Greatest
Businessman from History
10.C.K.Prahlad, Entrepreneurs to Explore domestic
opportunities,2008.
11. Daniel Priestley, “The Future Of Entrepreneurship”
12. Walchand Hirachand Doshi blogs, catalign innovation,
2011
13. Forbes, 2013.
ABOUT EDI

 PROMOTEDIN1983BYALL-
INDIAFINANCIALINSTITUTIONSVIZ.,IDBIBANKL
TD.,ICICIBANKLTD.,IFCILTD.&SBIWITHACTIVES
UPPORTFROMTHEGOVT.OFGUJARAT

 REGISTEREDUNDERTHESOCIETIESREGISTRATIO
NACT1860ANDPUBLICTRUSTACT1950

 ANATIONALRESOURCEINSTITUTIONCOMMITTE
DTOPROMOTINGENTREPRENEURSHIPTHROUGH
EDUCATION,RESEARCH,TRAININGANDINSTITUT
IONBUILDING

THE VISION

TOBECOMEANACCLAIMEDINTERNATIONALRESOURCECENTRE
FACILITATINGALLFACETSOFENTREPRENEURSHIP
EDI INSTITUTIONAL NETWORK

MISSION:

TO AUGMENT THE SUPPLY OF NEW

ENTREPRENEURS THROUGH EDUCATION,
RESEARCH & TRAINING
TWO-YEAR, AICTE-APPROVED, POST-GRADUATE
PROGRAMMES IN BUSINESS ENTRERPENEURSHIP & IN
DEVELOPMENT SECTOR & SOCIAL ENTREPRENEURSHIP

DIPLOMA IN ENTREPRENEURSHIP AND BUSINESS

MANAGEMENT

CAPACITY BUILDING OF EDUCATIONAL INSTITUTIONS TO

INITIATE ENTREPRENEURSHIP DEVELOPMENT (ED) ACTIVITIES

SUMMER CAMPS ON ENTREPRENEURIAL SPIRIT FOR
CHILDREN & YOUTH
SUPPORT FOR RESEARCH IN ENTREPRENEURSHIP
MISSION:

ENTERPRISE CREATION, EMPLOYMENT

GENERATION AND POVERTY ALLEVIATION AT
GRASSROOTS THROUGH DEVELOPMENTAL
INTERVENTIONS

CAPACITY BUILDING OF NGOs IN MICRO

ENTERPRISE DEVELOPMENT
TRAINING OF RURAL POOR AS ENTREPRENEURS
NATIONAL RESOURCE AGENCY FOR OFFICE OF THE
DEVELOPMENT COMMISSIONER, FOR 20
HANDLOOM CLUSTERS IN 12 STATES
CLUSTER RESOURCE MONITORING AGENCY FOR
158 CLUSTERS IN 10 STATES
CLUSTER MANAGEMENT & TECHNICAL AGENCY
 AND
FOR SRI NAGAR MEGA CARPET CLUSTER
SIVASAGAR MEGA HANDLOOM CLUSTER

MISSION:

ENHANCING COMPETITIVENESS OF SMEs THROUGH

CLUSTER DEVELOPMENT
TRAINING CLUSTER DEVELOPMENT EXECUTIVES
PROVIDING HANDHOLDING SUPPORT TO CLUSTER
DEVELOPMENT EXECUTIVESIN ABOUT 50 CLUSTERS
DIRECT INTERVENTIONS IN HANDLOOM,
HANDICRAFT, COTTAGE & VILLAGE INDUSTRIES
CLUSTERS
MISSION:

TO CREATE A CADRE OF TRAINED SOCIAL

ENTREPRENEURS

ORGANISATION OF SOCIAL ENTERPRISE

DEVELOPMENT PROGRAMMES
DEVELOP CASE STUDIES OF SUCCESSFUL SOCIAL
ENTREPRENEURS OF INDIA

MISSION:
ACT AS A REPOSITORY OF KNOWLEDGE IN THE
AREA OF WOMEN ENTREPRENEURSHIP
DEVELOPMENT

DEVELOPMENT OF CASE STUDIES ON SUCCESSFUL

WOMEN ENTREPRENEURS
GENDER SENSITIZATION TRAINING FOR
PERSONNEL OF CORPORATE SECTOR
ORGANISATION OF ENTREPRENEURSHIP
DEVELOPMENT PROGRAMMES ESPECIALLY FOR
WOMEN
MISSION
TO INCREASE THE COMPETITIVENESS OF INDIAN
SMEs
TRAINING-CUM-COUNSELLING INTERVENTIONS
FOR EXISTING ENTREPRENEURS
HRD IN SME SECTOR
A NEW CADRE OF BUSINESS
COUNSELLORS TO SUPPORT ENTERPRISE
GROWTH
GROOMED YOUNG GRADUATES AS
MANAGEMENT ASSISTANTS
INTRAPRENEURIAL SKILLS INCULCATED IN
MANAGERS FROM SMEs & LARGE ENTERPRISES
FACILITATING SCIENCE & TECHNOLOGY BASED
INNOVATIONS