Entrepreneurship Awareness Program held in Leh
06/02/08 17:34 Filed in:Ladakh news
February 6,
2008:
T Morup, Leh
Power shortage is the biggest constraint in Ladakh preventing real industrial growth here, however, this problem will be solved to a great extent with the commencement of 45-megawatt Nemo-Basgo Hydel project expected to be completed in less than the target period.
Engineers of NHPC have told Chering Dorjey the LAHDC Leh Chairman that they should be able to hand over the power project completed in about three and a half years from now. Mr. Dorjey revealed this in his address during a one-day seminar on Entrepreneurship Awareness Program organized by J&K Entrepreneurship Development (JKED) and sponsored by SIDBI at JKED office in Leh Industrial Area today.
He hoped that with the commencement of the hydel project the “constraint” will be removed ushering in a new era of progress and employment opportunities. In his reaction to grievances against bank loans raised by a trainee with ITI unit in Leh, Mr. Dorjey said, there are many such complaints and SBI Leh despite being the second most profiting bank in the entire J&K State fail to meet their quota of subsidized loans for local enterprises. Relatively better performance by J&K Bank in this regard can be attributed to its special drive to recruit local staff, he said adding that the Hill Council’s insistence to carry out similar drive was not paid heed to by SBI.
The next biggest issue in entrepreneurship development in Leh is always ‘imitating’ others’ businesses while being afraid of starting something new. Both Mr. Dorjey and Tsering Nurboo Lampa, EC Agriculture raised this issue prevailing in Leh. Jumping into ventures without having enough capacity and plan leads to a crises situation. For example, the number of steel fabricators in Leh grew out of proportion after some initial successes leaving the new entrepreneurs unable to even pay the salaries of the workers.
At the same time the inability to ‘think big’ and refusing to actually come forward and accept the challenges in taking up major enterprises or business projects also pose a constraint in the growth of industry in Ladakh. Mr. Dorjey said, no local qualifies for major loan schemes such as those available with the National Horticulture Board of India. Similarly, a 14-crore road and bridges project in Leh being financed by ADB, on Hill Council’s insistence, was broken up into five sub-contracts, yet hardly one or two contractors qualified for it, Mr. Dorjey said.
T Morup, Leh
Power shortage is the biggest constraint in Ladakh preventing real industrial growth here, however, this problem will be solved to a great extent with the commencement of 45-megawatt Nemo-Basgo Hydel project expected to be completed in less than the target period.
Engineers of NHPC have told Chering Dorjey the LAHDC Leh Chairman that they should be able to hand over the power project completed in about three and a half years from now. Mr. Dorjey revealed this in his address during a one-day seminar on Entrepreneurship Awareness Program organized by J&K Entrepreneurship Development (JKED) and sponsored by SIDBI at JKED office in Leh Industrial Area today.
He hoped that with the commencement of the hydel project the “constraint” will be removed ushering in a new era of progress and employment opportunities. In his reaction to grievances against bank loans raised by a trainee with ITI unit in Leh, Mr. Dorjey said, there are many such complaints and SBI Leh despite being the second most profiting bank in the entire J&K State fail to meet their quota of subsidized loans for local enterprises. Relatively better performance by J&K Bank in this regard can be attributed to its special drive to recruit local staff, he said adding that the Hill Council’s insistence to carry out similar drive was not paid heed to by SBI.
The next biggest issue in entrepreneurship development in Leh is always ‘imitating’ others’ businesses while being afraid of starting something new. Both Mr. Dorjey and Tsering Nurboo Lampa, EC Agriculture raised this issue prevailing in Leh. Jumping into ventures without having enough capacity and plan leads to a crises situation. For example, the number of steel fabricators in Leh grew out of proportion after some initial successes leaving the new entrepreneurs unable to even pay the salaries of the workers.
At the same time the inability to ‘think big’ and refusing to actually come forward and accept the challenges in taking up major enterprises or business projects also pose a constraint in the growth of industry in Ladakh. Mr. Dorjey said, no local qualifies for major loan schemes such as those available with the National Horticulture Board of India. Similarly, a 14-crore road and bridges project in Leh being financed by ADB, on Hill Council’s insistence, was broken up into five sub-contracts, yet hardly one or two contractors qualified for it, Mr. Dorjey said.