National Business Plan Competition concludes

Winners of National Business Plan competition being awarded during valedictory function of the event on Thursday. -Excelsior/Rakesh
Winners of National Business Plan competition being awarded during valedictory function of the event on Thursday. -Excelsior/Rakesh

Excelsior Correspondent

JAMMU, Nov 17: The two-day 2nd National Business Plan Competition under the theme: Think Big-2016, organized by International Centre for Cross-Cultural Research and Human Resource Management (ICccR & HRM), University of Jammu, in association with Jammu Chapter National HRD Network, concluded today at JU.
The second day of the competition began with the presentations of the business proposals followed by Mentoring Sessions by the industry experts. The sessions were conducted by Raj  K  Nehru (appointed founding Vice-Chancellor of India’s first skill development  university, Vishwakarma Skill Development University, Haryana;   Khair-ul-Nissa, Director, WTC, Noida;  Imran Ahmed, Circle Head, J&K Ericsson;  Saheel Yaqoob Alaqband, Assistant Director (Metallurgy), MSME, J&K State and  Annil Suri, vice president, Jammu Chapter, National HRD Network.
Professor Neelu Rohmetra, Director, ICccR & HRM, JU, moderated the Mentoring Sessions. According to her, major focus of the second day of the event was to debate upon the need for developing entrepreneurial culture, the role of start-ups and igniting the will to take up initiatives which are institutional and entrepreneurial in nature to serve the communities at large.
Raj K Nehru   discussed the relevance of change in the lives of individuals. He put forth the point that problems of today unfold innovative business models and opportunities for tomorrow. He also discussed the recent steps of demonetisation. He acquainted the participants with SMAC (Social, Mobile, Analytics and Cloud) as an instrument for corporate practice for creating profitable and successful business models.
Khair-ul-Nissa focussed primarily upon the indigenous industry opportunities that can be tapped within the State, as there is a huge market for the same across the world. She insisted that market analysis typically of the regions wherein one is located, can be advantageous for resource generation.
Imran Ahmed highlighted the role of planning that is crucial for implementing the idea in real life. He shared examples of several business ventures which have successfully adopted the right strategic planning approaches to generate employment and profitability.
Saheel Yaqoob Alaqband laid emphasis on the manufacturing sector and highlighted how the knowledge amongst disciplines must be integrated for developing extraordinary business proposals. He also discussed about the MSME grants that can be availed for sustainable business functioning by the aspiring entrepreneurs.
Annil Suri  elaborated upon the process and requisites for creating successful business planning and deliberated upon the relevance of acknowledging the strengths and weaknesses of oneself, logically thinking and the role of vision, dreams, values, emotions and honesty to pursue any business.
Towards the culmination of the event, an impressive valedictory and prize distribution ceremony was held, which was presided over by Professor Desh Bandhu Gupta, Dean Academic Affairs, JU.
At the PG level, team of MBA (IB) students at ICccR & HRM, JU bagged the 1st rank trophy alongwith cash prize of Rs 10,000 for their Business Plan, titled ‘Dirt-B’. The 2nd rank trophy alongwith cash prize of Rs 5,000 was bagged by the students of MIET-Jammu for the Business Plan titled ‘Innovation and Creation’. The team of the MBA (IB) students at ICccR & HRM won the 3rd position trophy and a cash prize of Rs 3,000 for their Business Plan titled ‘Hosiery Uno’.
At the under-graduate level, the 1st position was bagged by students of B Tech (Mechanical Engineering) SMVDU, Katra for their Business Plan titled ‘Eco-Shoes’. The 2nd position went to the students of B Tech (Electronic & Communication) from SMVDU, Katra for the Business Plan titled ‘E-Commerce’. The BBA students from Govt SPMR College of Commerce, Jammu won the 3rd position for their Business Plan titled ‘Nutritious Dabba’.
Dr Pallvi Arora, Dr Amrinder Singh, Dr Dalip Raina, Dr Rdhi Sharma, Dr Bhanu Pratap Singh and Shivani Rana coordinated the event.
The profile of the MBA (IB) Batch 2015-17 was unveiled and released on the occasion.