A Progress Report on the Goals and Targets We Committed to for 2025

SECTION 1: INTRODUCTION
Introduction of Team Members
Identifying their strength and weakness
Job role assigned to them

Contents of SECTION 2: DOMAIN

the Report Domain Selection

Research on Domain

SECTION 3: PROBLEM STATEMENT

Identifying the problems
Providing solutions for the problems
Harsh Vikram Singh
BCA (H)- 1st Year
Decision-making skills,
Strategic thinking Problem
Solving abilities, Research
Arindam Sarkar Ahili Basu
B.Com (H)- 1st Year B.Tech- 1st Year
Financial analyst, risk Technical competency,
analyst, organizational Effective communication,
written skills Time management

Rishab Kumar Sweta Saha Vishnu Kumar

B.Tech- 1st Year B.Sc (H)- 1st Year Diploma CSE- 1st Year
Information Security, Management Skills, Business acumen,
Innovative Mindset Effective Communication Critical Thinking
 HARSH VIKRAM LEADERSHIP,
SINGH
IMPATIENT CEO
SOCIABILITY
ARINDAM SARKAR FINANCIAL LACK OF SOFT CFO
ACCOUNTING SKILLS
TECHNICAL CTO
AHILI BASU TEAM WORK
KNOWLEDGE
RISHAB KUMAR ENTHUSIASM SELF CONFIDENCE CIO

SWETA SAHA COLLABORATIVE SELF CRITICAL CCO

TECHNICAL TEAM WORK

VISHNU KUMAR CGO
KNOWLEDGE
 1. Real-world Experience: Industrial development projects can provide us
with an opportunity to gain real-world experience in designing, developing,
and launching products or services. This experience can be invaluable in
preparing for our future careers in entrepreneurship.

2. Problem Solving: Industrial development projects are designed to solve

Domain complex problems in a variety of fields, which can help us to develop critical
thinking skills and problem-solving abilities that can be applied to a variety of

Selection
fields.

3. Interdisciplinary Skills: Industrial development projects often require

interdisciplinary skills, such as knowledge of engineering, marketing, and
finance. This can help us to develop a broad skill set that can be useful in a
variety of careers.

4. Innovation and Creativity: Industrial development projects require students

to be innovative and creative in finding new solutions to problems. This can
help us to develop an entrepreneurial mindset
 1. Lack of focus on sustainability: Industrial development often prioritizes economic
growth over environment and community. A balanced and sustainable approach is
necessary, with equal focus on economic, social, and environmental goals.

2. Limited access to funding: Small and medium-sized enterprises (SMEs) often

Research on struggle to access funding, which can limit their growth and expansion. Better access
to funding sources and financial support programs can help to address this issue.

the Domain 3. Inadequate training and education: Inadequate training and education programs can
limit skills development in industrial development. A stronger focus on workforce
development is necessary to address this issue.

4. Lack of inclusivity: Women and minorities may face barriers to opportunities and
resources in industrial development. Promoting inclusivity and diversity can create a
more equitable and thriving industrial ecosystem.
Problem Statements
1. Lack of marketing strategies and advertising acumen

ACCORDING TO A STUDY BY CLUTCH AND SMALL BUSINESS ADMINSTRATION (SBA), 2021 INDIA
Problem Statements
2. Lack of digitalization in SMEs

ACCORDING TO A REPORT BY THE CONFEDERATION OF INDIAN INDUSTRY (CII) IN 2021

Problem Statements
3. Lack of vocational skills in case of laborers and workers in small
industries

ACCORDING TO A REPORT BY THE NATIONAL SKILL DEVELOPMENT CORPORATION (NSDC) IN 2021 AND
CONFEDERATION OF INDIAN INDUSTRY (CII) IN 2020
Problem Statements
4. Lack of use of digital payments in SMEs

ACCORDING TO A REPORT BY THE RESERVE BANK OF INDIA (RBI) IN 2021

Solution - 1
Invest in marketing and advertising training: Businesses can invest in training
programs to improve their marketing and advertising skills. We can address this
gap by providing various workshops, and courses.

Leverage digital marketing: With the increasing use of the internet and social
media in India, small businesses can leverage digital marketing to reach their
target audience more effectively. We will help them by creating a website,
social media accounts, engaging them in online advertising, and helping them
with email marketing and so on to increase visibility and generate leads.
Solution - 2
Digital literacy training: We can provide digital literacy training to SMEs and to their employees to
help them understand the benefits of digitalization and how to use digital tools and technologies
effectively.
For example, by using digital sensors to monitor the production process, manufacturers can
identify areas where materials are being wasted or used inefficiently. This information can be used
to adjust the production process to minimize waste and optimize material usage.

Adoption of e-commerce: We’ll help and teach SMEs how to adopt e-commerce platforms to reach
a wider audience and sell their products or services online, and to access global markets more
easily. Through e-commerce platforms, social media, and other digital channels, SMEs can reach
customers all over the world, without the need for a physical presence in those markets.
Solution - 3
Industry-academia collaborations: We’ll collaborate with SMEs and provide higher levels of
educational attainment to workers which will lead to a more skilled and productive workforce,
producing more efficiently a higher standard of goods and services, which in turn forms the basis
for faster economic growth and rising living standards.

Digital skills training: With the rise of digital technologies, it's becoming increasingly important for
workers to have basic digital skills. We’ll offer digital skills training to their workers, enabling them
to access information and communicate more efficiently, such as basic computer skills, Internet
usage, social media and digital marketing, cybersecurity, data analysis, and mobile app usage.
Solution - 4
Awareness campaigns: We’ll launch an awareness campaign to promote the use of digital payments
in SMEs. These campaigns will be aimed at educating SME owners and their employees about the
benefits of digital payments and how to use digital payment systems.

Training and support: SMEs may require training and support to effectively use digital payment
systems. We will provide training programs and support services to help SMEs implement digital
payments, and also we'll collaborate with digital payment service providers to develop customized
solutions that meet their specific needs, helping them overcome any challenges they may face.
 Methodology
All the workshops, internships, and courses which will be provided to the SMEs and
to their employees will be certified with our university and our company’s name on
the certificates. This will provide formal recognition to workers who have acquired
these courses. This can help raise the quality of the workforce and promote
industry standards and also providing them with opportunities to progress in their
careers.
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