Encourage entrepreneurship in rural area: Infosys' NR Narayana Murthy

Stressing on the need to encourage entrepreneurship, founder chairman of Infosys NR Narayana Murthy on Thursday said politicians and bureaucrats should make it easy for entrepreneurs to set up manufacturing units in rural areas, which will help to uplift the rural poor.

He was addressing the students on opportunities for youth in globalised era, through videoconferencing from Bangalore at the 1st Parliament of Indian Student Council Leaders on the MIT campus.

He said, “We need to study the global market, global products and then manufacture products of global standards in India and sell them in the international market.”

“Thus, we can think globally and work locally. It will not only help us make our mark in the global market but also help India prosper. Manufacturing quality global products locally will create jobs in the country and bring prosperity,” he said while replying to a question posed by a student.

He said the Indian youths have ample opportunities on the global level, adding that India needs corporate leaders, who can deal with multiple cultures. India should encourage direct foreign investment. Indian youths should go abroad for some time in search of opportunities. It will strengthen the country’s economy, he said.

“We need to work towards creating opportunities for poor to come to the level of middle class. For this, we have to make way for entrepreneurs to set up small manufacturing units in rural areas. The legal process and government formalities for the same have to be made easier,” he added.