Endeavour https://www.greaterkashmir.com/endeavour/ Your Window to the World Mon, 13 Jan 2025 17:38:34 +0000 en-US hourly 1 https://greaterkashmir.imagibyte.sortdcdn.net/wp-content/uploads/2023/08/cropped-favicon-2-32x32.webp Endeavour https://www.greaterkashmir.com/endeavour/ 32 32 Investments in Startups Rose from $8 billion to $115 billion in last 9 years in India https://www.greaterkashmir.com/opinion/investments-in-startups-rose-from-8-billion-to-115-billion-in-last-9-years-in-india/ https://www.greaterkashmir.com/opinion/investments-in-startups-rose-from-8-billion-to-115-billion-in-last-9-years-in-india/#respond Mon, 13 Jan 2025 17:38:34 +0000 https://www.greaterkashmir.com/?p=364134 The total number of registered startups in India has surged to an impressive 157,066, a significant increase from approximately 400 at the time of the initiative's inception.

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In a remarkable surge, investments in Indian startups have skyrocketed from $8 billion to $115 billion over the past nine years, as highlighted in recent data from the Department for Promotion of Industry and Internal Trade (DPIIT). This exponential growth aligns with the launch of the ‘Startup India’ initiative in January 2016, which aimed to foster a robust ecosystem for nurturing innovation and entrepreneurship in the country.

The total number of registered startups in India has surged to an impressive 157,066, a significant increase from approximately 400 at the time of the initiative’s inception. These startups have become vital in generating employment, creating over 1.6 million jobs across various sectors. The influx of innovative ventures has not only bolstered direct employment but has also stimulated ancillary industries, contributing to overall economic growth.

According to the official statement from DPIIT, there are now more than 73,000 startups that have at least one woman director, showcasing the crucial role women play in driving innovation and economic advancement. This figure represents nearly half of the total startups recognized under the ‘Startup India’ initiative, underscoring the increasing participation of women in the entrepreneurial landscape.

As a result of these advancements, India has emerged as one of the world’s most vibrant startup ecosystems, now standing as the third-largest startup hub globally. The country is home to over 100 unicorns, each valued at a billion dollars or more. The transformative contributions of these startups extend beyond direct GDP growth; they are also reshaping industries by adopting innovative, technology-driven solutions.

The government’s proactive measures to support startups include a range of schemes such as income tax exemptions for the first three years, the Startup India Seed Fund Scheme, and a Credit Guarantee Scheme for startups. Furthermore, the implementation of sector-specific policies, particularly in biotechnology, agriculture, and renewable energy, has spurred growth in targeted areas of the economy.

Cities such as Delhi-NCR, Bengaluru, Hyderabad, and Mumbai have solidified their positions as epicenters of innovation, attracting talent and investment. The proliferation of affordable internet access, combined with a young and dynamic workforce, has been instrumental in fostering growth across diverse sectors, including fintech, edtech, health-tech, and e-commerce.

Emerging technologies such as Artificial Intelligence, blockchain, and the Internet of Things have enabled Indian startups to address both local and global challenges effectively. According to the ‘Indian Startup Ecosystem Report’ by Startup India, these advancements are pivotal in the ongoing success and evolution of India’s startup landscape.

As the country marks this impressive growth trajectory, the relentless spirit of innovation and entrepreneurship among its youth promises to keep India at the forefront of the global startup movement. The ‘Startup India’ initiative continues to play a crucial role in shaping a future where Indian startups remain competitive and impactful on the world stage.

Investment Growth:
– 2016: $8 billion
– 2025: $115 billion
– Growth: $107 billion increase in 9 years

Number of Startups:
– 2016: ~400 startups
– 2025: 157,066 registered startups
– Growth: ~156,666 new startups in 9 years

Employment Impact:
– Created over 1.6 million jobs

Women’s Participation:
– 73,000+ startups have at least one woman director
– Represents nearly 50% of total recognised startups

Unicorn Status:

– 100+ unicorns
– Each valued at $1 billion+
– India ranks as 3rd largest startup hub globally

Key Cities:
– Delhi-NCR
– Bengaluru
– Hyderabad
– Mumbai

Government Initiatives:
1. Income Tax Exemption (3 years)
2. Startup India Seed Fund Scheme
3. Fund of Funds for Startups
4. Credit Guarantee Scheme
5. Single-window clearance

Focus Sectors:
– Biotechnology
– Agriculture
– Renewable energy
– Fintech
– Edtech
– Health-tech
– E-commerce

Technology Focus:
– Artificial Intelligence
– Blockchain
– Internet of Things

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When Purple Meets Profit: Shabir Khanday’s Success Story https://www.greaterkashmir.com/endeavour/when-purple-meets-profit-shabir-khandays-success-story/ https://www.greaterkashmir.com/endeavour/when-purple-meets-profit-shabir-khandays-success-story/#respond Mon, 13 Jan 2025 17:36:32 +0000 https://www.greaterkashmir.com/?p=364131 Shabir exports cockscomb flowers to USA, Dubai

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As the agricultural sector faces a decline in participation due to diminishing returns and a perceived lack of profitability, a heartening narrative emerges from the serene hills of Tangmarg. Shabir Ahmad Khanday, a resident of Tangmarg, is a beacon of hope in the farming community, exemplifying how dedication and innovative farming practices can bring success in agriculture, even in the face of adversity.

The agricultural landscape of Kashmir, like many regions worldwide, is witnessing a gradual depletion of its workforce, with young people increasingly abandoning the fields in search of stable and lucrative employment opportunities in urban areas.

However, this trend has not deterred Shabir, who embarked on a remarkable journey in the cultivation of cockscomb, locally known as Mawal, in 2019. “I want to show that agriculture still has huge potential,” he asserts.

Shabir’s journey began when the Department of Agriculture initiated trial cultivation of cockscomb on a small scale. Armed with just one kanal of land, he entered the world of farming with a limited understanding of market dynamics. “At that time, I didn’t have a clear concept of how to market this crop,” Shabir recalls. “But with guidance from the Agriculture Department and sheer determination, I persevered.”

Cockscomb, a flower known for its unique shape and brilliant colours, holds significant cultural importance in Kashmir. Traditionally used in the region’s famous Wazwan—the ceremonial feast—Mawal not only enhances the aesthetic aspect of dishes but is also appreciated for its organic properties. The petals are used as natural colourants, and the plant itself is valued for its health benefits. “Wazwan is an integral part of our culture, and Mowal adds colour and flavour to it,” he adds proudly.

Today, Shabir exports cockscomb flowers to several countries, including the United States of America and Dubai. Recently, he fulfilled a substantial order of 300 kilograms to America, marking a significant milestone in his farming career. “This is just the beginning,” Shabir states confidently. “I expect that in a few years, our export rates will surpass what we’ve achieved so far.”
The cultivation process of cockscomb commences in March when Shabir sows the seeds, with flowering peaking in June. After harvesting, the flowers undergo a meticulous drying process, this crop cannot be exposed to direct sunlight, it needs to be dried in shade to preserve its vibrant colours and quality.

“Quality is paramount; I ensure that what I export meets the highest standards,” he emphasizes. Shabir sources some of his flowers from local farmers, fostering a cooperative spirit within the community. “By collaborating with fellow farmers, we can all benefit from this venture,” he explains.

Despite the challenges faced by the agricultural community, Shabir remains optimistic about the future of farming in Kashmir. “Agriculture can be a viable profession if we adopt organic practices and learn to market our products effectively,” he asserts. His commitment to promoting cockscomb goes beyond personal success; he hopes to inspire a new generation of farmers. “I want to ensure that this crop does not become extinct,” he says. “By promoting it, I am not only safeguarding our tradition but also providing a viable livelihood for local farmers.”

Support from the Department of Agriculture has played a crucial role in Shabir’s success. The department facilitated initial trials and guided organic farming practices, helping Shabir and other farmers navigate market dynamics. Reflecting on the early days, he notes, “About 60 to 90 farmers participated in the cockscomb trials, though some dropped out due to various challenges. I remained steadfast, driven by the potential I envisioned.”

As part of his efforts to elevate the status of Mowal, Shabir is working on obtaining a geo-tag to establish the flower’s unique identity in the marketplace. “This will help us promote Mawal as a premium organic product that stands out in foreign markets,” he explains. Such branding efforts are part of a broader strategy to showcase what Kashmiri agriculture can offer on a global stage.
Shabir’s inspiring journey is more than just about personal success; it is a testament to the untapped potential that lies within the agricultural sector, even during challenging times. “I began exporting 50 kilograms initially, and look where we are now with 300 kilograms sent to America,” Shabir reflects with pride. “I am optimistic that we can expand even more.”

As we look towards the future, Shabir Ahmad Khanday’s journey carries a significant message for those in the agriculture sector: with dedication, clever marketing, and organic practices, farming can still be a lucrative profession. “We need to embrace our roots and innovate,” he urges, expressing hope that his success story will inspire many others in the region.

Shabir’s experience encapsulates the potential of modern agriculture woven with tradition while highlighting the vital role of government agencies in facilitating innovative farming ventures. As Tangmarg and other agricultural regions face the challenge of youth migration, success stories like Shabir’s can undoubtedly inspire many to reconsider the prospects of farming in the current landscape. “There is still hope in returning to the fields that once sustained our ancestors,” Shabir concludes, leaving a lasting message of resilience and determination for future generations.

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Founders of 28 Indian new-age startups took home Rs 284 crore as salary in FY24 https://www.greaterkashmir.com/endeavour/founders-of-28-indian-new-age-startups-took-home-rs-284-crore-as-salary-in-fy24/ https://www.greaterkashmir.com/endeavour/founders-of-28-indian-new-age-startups-took-home-rs-284-crore-as-salary-in-fy24/#respond Mon, 23 Dec 2024 17:24:04 +0000 https://www.greaterkashmir.com/?p=358863 Zerodha's operating income in FY24 was Rs 9,372.1 crore and the company made a profit of Rs 5,496.3 crore during this period.

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A total of 51 founders of 28 Indian new-age startup companies in the country took home Rs 283.5 crore as an annual salary in FY24.

According to the Inc42 report, “The average salary of startup founders in India declined by 26.9 per cent on year-on-year (YoY) basis to Rs 5.55 crore in FY 24 from Rs 7.6 crore in FY23.”
These new-age startups are from across all sectors.

Among all these startups, Supam Maheshwari, founder of e-commerce startup FirstCry, took home the highest salary of Rs 103.8 crore in FY24. However, this is about 50 per cent less than the salary of Rs 200.7 crore taken in FY23.

FirstCry’s operating income in FY24 was Rs 6,480 crore and the company suffered a loss of Rs 321.5 crore during this period.

Zerodha founders Nikhil and Nithin Kamath were second on this list in FY24. Each of the two brothers took an annual salary of Rs 33.8 crore in the last financial year. In FY23, each took a salary of Rs 48 crore.

Zerodha’s operating income in FY24 was Rs 9,372.1 crore and the company made a profit of Rs 5,496.3 crore during this period.

Capillary Technologies founder Aneesh Reddy was third on this list. He took a salary of Rs 13.3 crore in FY24. This is 1,480 per cent more than the salary of Rs 84 lakh in FY23.

Hotel software company RateGain founder Bhanu Chopra received a salary of Rs 5.8 crore in FY24 from Rs 6.1 crore in FY23.

RateGain’s operating income grew 69 per cent to Rs 957 crore in FY24 and the company posted a profit of Rs 146.3 crore during this period.

Paytm, MD and CEO Vijay Shekhar Sharma were fifth on the list. He took an annual salary of Rs 4.4 crore in FY24, up 10 per cent from the annual salary of Rs 4 crore taken in FY23.

Mamaearth CEO Varun Alagh’s annual salary in FY24 was Rs 3.97 crore, up 166.9 per cent from the annual salary of Rs 1.49 crore in FY23.

At the same time, his wife and co-founder of the startup received a salary of Rs 1.79 crore in FY24, which is 80.8 per cent more than Rs 99 lakh in FY23.

Mamaearth’s operating income in FY24 was Rs 1,919.9 crore and the company made a profit of Rs 110.5 crore during this period.

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Why Personality Development is Crucial for Kashmiri Youth? https://www.greaterkashmir.com/endeavour/why-personality-development-is-crucial-for-kashmiri-youth/ https://www.greaterkashmir.com/endeavour/why-personality-development-is-crucial-for-kashmiri-youth/#respond Mon, 23 Dec 2024 17:22:14 +0000 https://www.greaterkashmir.com/?p=358861 Kashmir’s youth face a pressing unemployment crisis, with around 32% of young people unemployed

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Jammu and Kashmir have a population of 1.37 crore, including 2.5 million resilient and energetic young people. The region faces significant challenges, including high unemployment, educational disparities, and limited opportunities. These challenges, along with societal pressures, emphasize the importance of personality development as a fundamental tool for achievement and professional growth.

Challenges Faced by Kashmiri Youth

Kashmir’s youth face a pressing unemployment crisis, with around 32% of young people unemployed. Despite relatively high literacy rates (around 67%), many are unable to secure jobs due to limited private-sector opportunities and ongoing political instability. The education system often falls short of current standards, leaving students unprepared to fulfil the demands of today’s labour market. Moreover, a lack of exposure to varied experiences limits personal development, and societal attitudes can discourage self-improvement efforts. Overcoming these barriers requires the overall development of personality to navigate an increasingly competitive world.

The Essence of Personality Development

Personality development aims to improve critical abilities including communication, emotional intelligence, leadership, and problem-solving. It fosters personal development by improving self-awareness, confidence, flexibility, and time management. Emotional control, flexibility, and continual learning are critical for overcoming hurdles and building positive connections with others. For Kashmiri youth, personality development is not only an important asset, but also an essential tool for addressing the region’s distinct socioeconomic and cultural issues.

The Importance of Personality Development

  1. Boosting Employability
    Soft skills such as confidence, teamwork, and communication are essential for success in today’s job market. Personality development enhances these skills, making candidates more attractive to employers and increasing employability.
  2. Promoting Emotional Resilience
    Living in a conflict-prone region, many Kashmiri youth face stress and low self-esteem. Personality development builds emotional intelligence and resilience, enabling individuals to cope with adversity and stay focused on their goals.
  3. Encouraging Entrepreneurship
    With limited job opportunities, entrepreneurship offers a viable alternative. Personality traits like creativity, risk-taking, and leadership are key to turning ideas into successful ventures, and fostering these traits can have a significant economic impact.
  4. Bridging the Education-Industry Gap
    There is a noticeable disconnect between traditional education and industry needs in Kashmir. Personality development helps bridge this gap by equipping youth with practical skills such as time management, teamwork, and critical thinking.
  5. Competing Globally
    The rise of remote work and freelancing presents global opportunities for Kashmiri youth. Personality development in areas such as adaptability, cultural awareness, and technological proficiency prepares youth to succeed in the global economy.

Pathways to Growth

Educational institutions, NGOs, and the government all play a role in fostering personality development. Schools can integrate workshops on leadership, emotional intelligence, and public speaking. Community organizations can offer mentorship and career counselling, while online platforms provide valuable resources and networking opportunities.

A Way Forward

Personality development is a foundation for empowerment and success for Kashmiri youth. By cultivating resilience, confidence, and adaptability, they can overcome challenges, seize emerging opportunities, and make a positive impact. Collaborative efforts from educational institutions, communities, and policymakers are essential in creating an environment where the youth of Kashmir can thrive, unlocking their full potential and contributing to a brighter future.

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Doctor, Pilot, Lifesaver: The Man Who Defied Limits https://www.greaterkashmir.com/endeavour/doctor-pilot-lifesaver-the-man-who-defied-limits/ https://www.greaterkashmir.com/endeavour/doctor-pilot-lifesaver-the-man-who-defied-limits/#respond Mon, 23 Dec 2024 17:16:25 +0000 https://www.greaterkashmir.com/?p=358857 Dr Suhail Nasti's incredible life story as a man with multiple missions

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In Kashmir, where limited opportunities often circumscribe individual potential, there emerges a remarkable story of resilience, determination, and unwavering commitment. Behind this story is Dr Suhail Nasti: a multi-talented professional who transcends traditional career boundaries, emerging as an inspiration and hope, which he has transformed from the humblest of origins into a global humanitarian mission touching hearts across continents.

An doctor by profession, a pilot with passion, and a philanthropist by calling, Dr Suhail Nasti stands out for a rare breed of individuals who do not wish to be limited by social norms or monetary boundaries.

From his childhood days in Anantnag to reaching the pinnacle as an international figure is not merely a personal achievement but rather a compelling narrative of how personal determination can produce impactful, world-changing global movements.

Born into a poor family where financial constraints could have easily derailed his dreams, Dr Nasti’s story is a testament to the power of education, perseverance, and an unyielding commitment to serving humanity. Through his non-profit organisation, Mother Helpage, he has not only provided critical humanitarian assistance during devastating natural disasters but has also created pathways of hope for marginalized communities across 35 countries.

In an exclusive interaction, Dr Suhail Nasti shares insights into his extraordinary journey and reveals a life dedicated to breaking barriers, challenging conventions, and inspiring a generation to look beyond immediate circumstances and envision a world of limitless possibilities.

Born in Kadipora, Anantnag, Dr Suhail Nasti’s journey speaks of the power of perseverance and commitment towards making a difference. Born in humble circumstances, the man who would later become one of the world’s most recognized humanitarian workers, medical professionals, and rescue pilots challenges all career trajectories.

“I belong to a humble background, where my father was not somebody rich who could have afforded to send me to a foreign country for higher studies,” he candidly shares. Despite the financial constraints, his passion propelled him forward.

He pursued his early education from local colleges and schools, which included the completion of plus two from a government higher secondary school and, later, securing qualification for MBBS from SKIMS in Srinagar. “Parallel to that, I also cracked the PSC exam, where I got a government job. However, the traditional tracks were never going to bind me into some shell.”

With barely a few thousand rupees saved in the bank, Dr Suhail Nasti said that he began an unprecedented international academic sojourn. “I took knowledge-hunting to different parts of the world, including the United States, United Kingdom, Germany, Czech Republic, and India.”

“I specialised studies that would later shape my distinctive career path, such as postgraduate studies in Disaster and Conflict Medicine at the Worshipful Society of Apothecaries in London, research into post-trauma related bone inflammatory diseases, diagnostic and interventional radiology at Le Charite University Berlin, and rescue pilot training with the Civil Aviation Authority.”

Dr Nasti has been awarded The British Citizen award certificate of honour dor his exceptional work for society. He has got professional certificate in Strategic Economic Diplomacy.

“In 1994, after my mother’s death, I established Mother Helpage, a non-profit international humanitarian charity that became my main vehicle for creating global impact. I want to work hard to leave a legacy before I leave this world,” he says, revealing the deeply personal motivation behind his humanitarian efforts.

He said that Mother Helpage has been at the forefront of critical humanitarian interventions in the world. Dr Nasti led relief work during some of the most devastating natural catastrophes of recent years including the 2004 Tsunami in Sri Lanka and Indonesia, the 2005 Kashmir Earthquake, and the 2008 Cyclone Nargis in Myanmar.

In a message to the youth and people facing challenges, Dr. Nasti reminds them about optimism and hope. “Life will throw countless obstacles in your path. But never lose hope. Every setback is an opportunity for a comeback. Your circumstances do not define you; your determination does. Believe in yourself, stay focused on your goals, and remember that with persistence and passion, you can transform your dreams into reality.”

What’s uniquely outstanding in the profile of Dr. Nasti is his unbelievable professional diversification. More than being a doctor and a humanitarian, he is also a rescue pilot, actor, and philanthropist. “You may have heard of a person wearing many hats,” he says, “but rarely will you find somebody mastering everything they do.”

Dr Nasti’s approach is rooted in a profound sense of social responsibility. “I am talking to you, not for self-promotion, but with strong optimism that my journey will encourage my brethren, particularly young boys and girls who are distressed and find it hard to envisage a future for themselves,” he explains.

Most central to his journey have been his mother’s earliest lessons. Her “golden advice” during his school days has been a foundational principle propelling him through an incredible number of challenges, such as “You can achieve what you set your mind to.”.

His ultimate goal goes beyond personal achievement. “I would love to be a role model to millions of youth for bringing a positive change in the world,” he confides. His mission is to motivate young people to embrace service, compassion, and relentless pursuit of excellence.

From being a successful rheumatologist in Chicago to becoming a global humanitarian, Dr. Nasti has always bucked conventional career paths. He has impacted the lives of millions across 35 countries as a result of his association with Mother Helpage and dedicated passionate service.

Dr Nasti completed his initial medical education in Srinagar before carrying out higher studies in several countries. His career is characterised by an extraordinary dedication to learning and service. He shifted from a traditional career in medicine to becoming a specialist in disaster medicine, and this was not an easy decision.

He derives a sense of fulfilment from his work as a rescue pilot-turned-doctor. “I find this role more satisfying and challenging,” he reflects, emphasizing the need to make a real difference in people’s lives. His approach goes beyond mere medical intervention, focusing on comprehensive community development and empowerment.

Dr Suhail Nasti’s journey is more than a personal success story; it is a beacon of hope and inspiration. It represents how individual determination, coupled with a genuine commitment to serving humanity, can transcend geographical, professional, and societal boundaries.

As he continues to expand his humanitarian efforts, Dr. Nasti remains committed to his core philosophy: creating opportunities, breaking stigmas, and empowering communities through education, medical service, and compassionate intervention.

Dr Suhail Nasti shares a transformative life lesson that has shaped his character. “My mother advised me that one should be known for his qualities not the way he or she dresses. This advice came to life when I was swimming, and a person called my name saying that I know you from what you have achieved. It reminded me of my mother because I was not wearing any fancy clothes or anything.

This advice has kept me humble, and I remember my mother each time.” This poignant moment exemplifies Dr Nasti’s commitment to substance over appearance, a principle instilled by his mother that has guided his remarkable journey from a humble background to becoming a globally recognized humanitarian, medical professional, and rescue pilot. His mother’s wisdom serves as a powerful reminder that true recognition comes not from external trappings, but from one’s actions, character, and contributions to society.

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Technical Textiles https://www.greaterkashmir.com/endeavour/technical-textiles/ https://www.greaterkashmir.com/endeavour/technical-textiles/#respond Mon, 09 Dec 2024 17:27:12 +0000 https://www.greaterkashmir.com/?p=355541 Weaving Bharat's Future with Innovation and Sustainability

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“Parivartan hi sansar ka niyam hai” – Change is the law of the universe. In line with this powerful message, India’s textile heritage is transforming to meet the needs of a changing world. Our journey in technical textiles isn’t just about fabric – it’s about weaving dreams, securing futures, and crafting a sustainable tomorrow for 1.4 billion Indians. Today, I share with pride how India’s technical textiles sector is revolutionizing lives across our nation. With 12 specialised segments such as  Packtech, Indutech, Mobiltech, Clothtech, Hometech, Meditech, Agrotech, Buildtech, Protech, Geotech, Sportech, and Oekotech, each offering great opportunities.

As the world’s fifth-largest technical textiles market, valued at $25 billion and projected to surpass $40 billion by 2030, India has seen remarkable export growth, rising from near zero in 2014 to $3 billion in FY 2023-24, with a target of $10 billion by 2030. Packtech, Indutech, and Mobiltech account for 70% of exports, highlighting India’s manufacturing strength, while the 229% growth in the Buildtech sector showcases expertise in specialized areas. Moving forward, India plans to expand exports across other technical textile segments, including Buildtech, Meditech, Agrotech, and other emerging sectors, while stimulating domestic demand through R&D, entrepreneurship, and sustainable practices. With abundant human resources and an expanding raw material supply, technical textiles are set to be a sustainable and viable option for India’s future.

To support our nation’s goal of self-reliance, we are focused on reducing import dependence on crucial raw materials like nylon, carbon fiber, high-specialty fibers, and ultra-high-molecular-weight polyethylene (UHMWPE). Just as India is working to become self-reliant in semiconductors to boost its defense and aerospace sectors, we aspire to do the same in the field of technical textiles. To achieve this, the Modi Government launched the National Technical Textiles Mission (NTTM), supported by ₹1,480 crore. This initiative has already approved 168 projects worth ₹509 crore and funded 12 startups with ₹5.79 crore. We are not merely contributing to global progress; we are shaping it. Our vision extends beyond numbers, aiming to build a self-reliant India that leads through innovation while honoring its cultural heritage.

A significant milestone awaits us with the domestic production of T100 Carbon Fiber within 2.5 years, which will substantially reduce our import dependency in critical defense and aerospace applications. While we’re working to reduce our reliance on imported non-woven materials, carbon fibre, high-specialty fibers, nylon and UHMWPE. I’m confident India will begin domestic carbon fibre production by FY 2025-26, marking a crucial step toward self-sufficiency.

Our agricultural sector showcases the transformative power of technical textiles. Innovative agrotextiles are driving over $567 million in exports with a robust 5% annual growth over the past six years. Picture a farmer in rural India using advanced shade nets and mulch mats, witnessing crop yields surge by 30-40% while using 40% less water. Through eleven groundbreaking projects under NTTM, including Sunn Hemp crop covers by Northern India Textile Research Association (NITRA)  and herbal-coated seed bags by South India Textile Research Association (SITRA), we’re seeing farmer incomes rise by an unprecedented 67-75%. This is sustainable development in its truest form.

National security remains paramount in our technical textiles journey. Our security personnel now benefit from an indigenous shield of courage – advanced protective fabric developed through NITRA’s research that withstands temperatures up to 449 degrees. This isn’t just about technical advancement; it’s about protecting those who protect us.

India’s automotive sector is thriving, with vehicle sales surpassing 40 lakh units in FY 2023-24, driving airbag demand and prompting global leaders like Autoliv, ZF, and Joyson to expand operations locally. As the fastest-growing market for seat belt webbing, with a 9.2% growth rate supported by Autocop and Maruti Suzuki, India is advancing in safety and innovation. In packaging, Flexible Intermediate Bulk Containers (FIBC) are replacing traditional materials like glass, metal & cardboard containers, offering durability, versatility, and reusability. Lighter & more eco-friendly FIBC bags provide lower transportation costs and support sustainable practices.

Furthermore, AI and blockchain are essential for making textile production smarter and more transparent. AI improves efficiency by automating processes, reducing errors, and enabling real-time monitoring, which enhances product quality. Blockchain adds accountability by securely recording each step in the supply chain, allowing customers and manufacturers to verify the origin, authenticity, and quality of materials, building trust and transparency in the industry.

Inspired by global leaders such as the USA, Japan, UK, Germany, and Israel, we are focused on advancing technical textiles through cutting-edge R&D and high-tech solutions. Israel’s innovations in the protech sector, like the Kit 300 for camouflage, and Italy’s leadership in agrotech, with sustainable solutions like advanced nets and thermo-reflective screens, serve as key models. By establishing a national knowledge center and strengthening local supply chains, we are adopting best practices. With the global technical textiles market set to grow from $250 billion to $300 billion by 2030, we aim to capture a 15% market share, underscoring our commitment to driving innovation and growth in this rapidly expanding sector.

As we progress toward Vision 2047, technical textiles are emerging as the link between India’s rich textile heritage and its technological future. Under Prime Minister Narendra Modi’s visionary leadership, we are not just adapting to change but driving it—developing innovative fibers and sustainable solutions that will make Bharat’s technical textiles a global symbol of quality, innovation, and sustainability.

The textile sector is poised to reach a market size of $350 billion, with exports contributing $100 billion by 2030. At this crucial juncture, I am confident that India’s technical textiles sector will not only meet global standards but set new benchmarks, creating vast opportunities for employment, entrepreneurship, and economic growth, and weaving a stronger, more resilient Bharat for tomorrow.

Shri Giriraj Singh, Union Minister of Textiles.

 

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Private Sector: The Missing Key to Unlocking J&K’s Unemployment Crisis https://www.greaterkashmir.com/opinion/private-sector-the-missing-key-to-unlocking-jks-unemployment-crisis/ https://www.greaterkashmir.com/opinion/private-sector-the-missing-key-to-unlocking-jks-unemployment-crisis/#respond Mon, 09 Dec 2024 17:25:30 +0000 https://www.greaterkashmir.com/?p=355539 An overwhelming 5.5 lakh candidates applied for just 4,000 vacancies

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The sobering reality of unemployment in Jammu and Kashmir is starkly reflected in the recent constable recruitment drive, where an overwhelming 5.5 lakh candidates applied for just 4,000 vacancies. This means 137 candidates vied for every single job, highlighting a crisis that goes far beyond government job creation.

The Numbers Speak Volumes
The brutal mathematics of the recruitment process reveals:
5,50,000 applicants for 4,000 vacancies
A competition ratio of 137:1
A less than 0.73% chance of selection for a candidate
These figures speak to a systemic employment crisis where thousands of talented individuals face deferred dreams and psychological pressure in an economy that cannot create enough opportunities.

Persistent Dependence on Government Jobs
For decades, government jobs promised employment security and social prestige in J&K. But such opportunities only allow for so many to step through this narrow gateway. No wonder, the J&K’s ever-increasing number of young citizens can no longer find places there. A culture that over-relies on the public sector and jobs, thereby leading to: High youth unemployment, as it stands, is one of the worst in India. An economy that cannot absorb its educated workforce

Alarming Unemployment Rates
The latest Periodic Labour Force Survey (PLFS) paints an even grimmer picture. Youth unemployment in urban Jammu and Kashmir stands at 32%, the highest in India. Among women, the unemployment rate soars to a staggering 53.6%, underscoring significant gender disparities in workforce participation.
Whereas, J&K youth unemployment rate figures are unique and the state is still not coming close to its neighbouring states when it comes to this matter. In contrast,  Delhi has only 4.3% youth unemployment rate, Odisha, Andhra Pradesh, and Bihar have a male unemployment rate of 28.1%, 22.5%, and 21.5% respectively
Even these high numbers pale in comparison to J&K, which leads the country in unemployment despite its vast human potential.

Role of Private Sector
As the government fails to provide employment opportunities to everybody, the private sector appears to be the only solution in filling the glass of jobless unemployed youths in the region. However, this sector is still not strong and well-developed in the state that can absorb such a rising number of job aspirants.

Challenges
No Heavy Industries: There is an absolute scarcity of big-sized industries in the state which will boost up the employment scenario in the state.

Weak Entrepreneurship Ecosystem: Too much reliance on traditional sectors like agriculture and handicrafts.
Limited Infrastructure: Poor connectivity and energy deficits do not attract investments.
Political Instability: A past of instability has kept private enterprise away.

Growth Opportunities
Skill Development: Investment in skill-building programs for modern industries.
Entrepreneurship Support: Access to credit, mentorship, and other resources.
“Youth in J&K have immense talent, but there are no avenues to channel it,” said Aijaz Ahmad, a postgraduate in biotechnology still searching for a job two years after graduation. “We can’t all rely on government jobs. We need industries and companies to believe in our potential.”

Echoing similar concerns, Nasreen Akhtar, an unemployed MBA graduate, said, “The lack of opportunities for women is particularly disheartening. Even when we are qualified, societal norms and structural barriers hold us back.”

Experts argue that tackling J&K’s unemployment crisis requires a shift in focus from public-sector dependency to private-sector empowerment.
The unemployment crisis in J&K is a clarion call for transformative action. With its talented youth and unique geographical advantages, the region has the potential to become an economic powerhouse. However, this requires concerted effort from policymakers, businesses, and civil society.

As the recruitment statistics reflect, government jobs alone cannot fulfil the aspirations of the youth of J&K. The private sector needs to pick up the slack, with an ecosystem that encourages innovation, investment, and inclusivity.

In the words of Aijaz Ahmad, “We don’t just need jobs—we need opportunities to dream and achieve. The government cannot provide for all, but with the right support, we can create a future where everyone has a fair chance.”

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From Karnah to USA https://www.greaterkashmir.com/endeavour/from-karnah-to-usa/ https://www.greaterkashmir.com/endeavour/from-karnah-to-usa/#respond Mon, 09 Dec 2024 17:22:29 +0000 https://www.greaterkashmir.com/?p=355536 How Dr Ishtiaq Jeelani's journey from a remote Kashmiri village is inspiring youngsters

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In the calm village of Dildar, Karnah, against the majestic Himalayan canvas of Kashmir, a little boy sat gazing at the starry sky, envisioning a brighter future. That boy, Dr Ishtiaq Jeelani, will grow into a world-renowned scientist whose groundbreaking research offers hope to millions battling Nonalcoholic Steatohepatitis (NASH)—a silent, deadly liver disease.

His recent work, published in ‘Science Translational Medicine’, a leading scientific journal, marks an enormous achievement for global medical science and for Kashmir.

“This is not my success; it is testimony to perseverance, education, and my family’s unwavering support and the mentoring given,” said Dr Ishtiaq Jeelani.

From remote Dildar in Karnah of Jammu & Kashmir’s Kupwara district, Dr Ishtiaq Jeelani has had a long journey. There is no change in that innate curiosity and thirst for knowing early on.
“I was always interested in the mystery of the world—how the body works, what makes the disease, and how to cure it,” he said. “Living in a place like Dildar taught me that the best thing about living here was the ability to be a big dreamer.”

Having shown exemplary performances at school, he shifted to Srinagar for higher studies from where he graduated in graduation in the University of Kashmir. Further, his academic climb began here. He completed a master’s in chemistry from Pune University followed by a Ph.D. from Japan’s Toyama University. It is in his work on complex natural compounds here that he sowed seeds of breakthroughs to come.

Currently a Postdoctoral Scientist at the University of California, San Diego, Dr. Ishtiaq Jeelani is at the forefront of research into metabolic disorders. His latest article in Science Translational Medicine is devoted to NASH, an advanced stage of Nonalcoholic Fatty Liver Disease (NAFLD), characterized by inflammation of the liver, scarring, and severe conditions such as failure or cancer.

“NASH is often called a silent epidemic because symptoms don’t show until significant damage has occurred. The global impact is staggering, and yet we lack effective treatments,” Dr. Jeelani explained.

His research identified a key protein, Hypoxia-Inducible Factor 2-alpha (HIF-2α), as the driver of liver inflammation in NASH. His group demonstrated a means to halt the progression of the disease by inhibiting HIF-2α in specific liver cells, opening the door to targeted therapies.
Dr Jeelani’s work has the potential to change lives, offering new avenues for treating a disease that has long baffled the medical community.”

Beyond his scientific achievements, the story is an inspiration to countless young people of this region, especially those from underrepresented regions like Kashmir. His success story runs deep in the veins of Kashmir, where a vast majority of youth get left behind by political unrest and limited opportunities.

Dr. Ishtiaq’s journey shows that with dedication and hard work, even the sky isn’t the limit.
This responsibility is deeply personal for Dr. Jeelani. “I want young people in Kashmir to know that their dreams are valid. Yes, the road might be hard, but it’s not impossible. If I can do it, so can they,” he said.
It was not always easy, though, and Dr Jeelani remembers his early education days with limited

access to resources and the challenge of adapting to international academic environments.
“There were moments of doubt, but my focus never wavered. I was determined to contribute to science in a way that mattered,” he reflected.

This determination is evident in his work ethic and groundbreaking research. His publication in Science Translational Medicine is more than a personal milestone; it is a significant step forward in the fight against liver diseases.

Dr Jeelani’s mission extends beyond academic research. He envisions a world where cutting-edge treatments for liver diseases like NASH are accessible and affordable.
“My ultimate goal is to bridge the gap between lab research and clinical application. Science should benefit everyone, not just a select few,” he stressed.

As he continues on his research journey, Dr Jeelani remains deeply connected with his roots. “Kashmir is where I started, and it’s there that my heart lies,” he said. “Every success is dedicated to the land and its people.”.

Dr. Jeelani’s work represents more than a scientific breakthrough; it’s a reminder of what’s possible when passion meets perseverance. His story is a shining example for young scientists worldwide, and his research offers new hope for millions battling liver disease.
“Science is about pushing boundaries and solving problems. It’s about hope. And that’s what I want my work to represent,” he said.

By: Ishfaq Sayeed

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’19 agritech soonicorns, 40 minicorns embracing emerging tech for biz growth’ https://www.greaterkashmir.com/endeavour/19-agritech-soonicorns-40-minicorns-embracing-emerging-tech-for-biz-growth/ https://www.greaterkashmir.com/endeavour/19-agritech-soonicorns-40-minicorns-embracing-emerging-tech-for-biz-growth/#respond Mon, 25 Nov 2024 17:59:52 +0000 https://www.greaterkashmir.com/?p=352000 India’s agri-tech ecosystem witnessed a huge surge in investor interest.

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The Indian agritech landscape has significant growth potential to emerge as an institutional innovation for bridging the technological gap and the country currently has 19 agritech soonicorns and 40 minicorns, that are embracing emerging technologies like AI and developing innovative business models, according to a new RBI paper.

Although only a single unicorn is identified in the Indian agri-tech landscape, the total number of agri-tech soonicorns (ready to become unicorns) and minicorns is estimated at 19 and 40, respectively, said the paper titled ‘Agri-Tech Startups and Innovations in Indian Agriculture’ by D Suganthi, Jobin Sebastian and Monika Sethi.

A survey of agri-tech startups shows that they benefit from government’s funding support, research and development and state support in the form of digital infrastructure.
India’s agri-tech ecosystem witnessed a huge surge in investor interest. With investments increasing from $370 million in 2019 to $1.25 billion in 2021.

The investor interest moderated thereafter, mirroring global trends.
Global funding to agri-techs reached a peak of $10.9 billion in 2021 and 2022, thereafter moderated sharply to $5.2 billion in 2023.

“As regards the share of agri-tech companies by funding, the US holds the highest share (43.2 per cent), followed by China (14.4 per cent), Canada (12 per cent) and India (8.5 per cent). The Indian agri-tech ecosystem has, thus, garnered a significant share of global funding,” the paper said.
The central government promotes agripreneurship and innovation through initiatives that reduce regulatory barriers, develop innovation-driven infrastructure facilities, and promote active collaboration among entrepreneurs.

“It plays a significant role in building a robust ecosystem for nurturing innovation and facilitating agri-tech mainstreaming by developing agri-stack,” the paper stressed.

Emerging technologies such as the Internet of Things (IoT), big data analytics, artificial intelligence (AI), blockchain, remote sensing, biotechnology, drones, robotics and automation are being employed by several startups.

The policy support rendered by the government in the form of ‘Digital India’, ‘Make in India’, startup funds and accelerator and incubator-support initiatives, further accentuated by opportunities generated during the pandemic, have been essential facilitators of agri-tech startups’ growth.

According to the paper, despite the progress made so far, agri-techs in India face challenges in scaling up their operations. The sustainability of agri-techs is directly proportional to the adoption of modern technologies by the farmers.

“The lack of adequate funding, fragmented land holdings and longer time to revenue matrix are the major factors hindering their growth prospects,” it added.

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Syed Murtaza’s Journey of Turning Dreams into Reality https://www.greaterkashmir.com/endeavour/syed-murtazas-journey-of-turning-dreams-into-reality/ https://www.greaterkashmir.com/endeavour/syed-murtazas-journey-of-turning-dreams-into-reality/#respond Mon, 25 Nov 2024 17:49:08 +0000 https://www.greaterkashmir.com/?p=351995 His journey, marked by dedication, self-belief, and an unwavering spirit, exemplifies the triumph of grit over adversity

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In the serene yet challenging landscape of Kashmir, where business stability often comes at a high cost, a young engineer turned his dreams into reality. This is the story of Syed Murtaza Qadri, a resilient and visionary entrepreneur who established ‘Woodpeckers Modula’, North Kashmir’s first modular furniture manufacturing unit. His journey, marked by dedication, self-belief, and an unwavering spirit, exemplifies the triumph of grit over adversity.

Hailing from Kreeri Baramulla, Murtaza completed his engineering degree from Punjab Technical University in 2014. Like many fresh graduates, he sought a career in his field and began working as a site engineer with reputed builders in Kashmir. However, the routine job failed to fulfil his aspirations.

“I always felt I had more to offer. The monotony of my job didn’t excite me,” recalls Murtaza.
Seeking a change, he moved to Mumbai, where he joined a marketing firm as a business associate. Immersed in the fast-paced corporate culture, Murtaza honed his skills in door-to-door sales and quickly emerged as a top performer. Reflecting on his time there, he says, “Mumbai taught me resilience. It wasn’t just about sales; it was about understanding people, building trust, and delivering value.”

By the end of 2017, Murtaza decided to return to Kashmir with a bold vision—to start his own business. However, establishing a business in Kashmir came with its own set of financial and logistical challenges. “I had no business background, and most of my family were government employees. Entrepreneurship was a completely alien path,” he shares.

Despite the odds, Murtaza knew the  ‘why’ of his life. “If you know the why of your life, the how doesn’t matter,” he says. Armed with his engineering expertise and newly acquired sales acumen, he identified a gap in Kashmir’s modular furniture market and began formulating a plan to establish his own manufacturing unit.

The biggest hurdle was securing funds to bring his vision to life. Murtaza discovered the government’s subsidized schemes and applied for the Seed Capital Scheme through the Jammu and Kashmir Entrepreneurship Development Institute (JKEDI). “The training and support from JKEDI were instrumental,” says Murtaza.

Even with financial assistance, the path wasn’t easy. He recalls, “Taking a loan to start a business in a place like Kashmir, where uncertainty is the norm, was daunting. But my self-belief was stronger than any doubt.”

Murtaza visited several modular furniture manufacturing units across India to gain insights into the industry. After extensive research, he imported state-of-the-art machinery and established his manufacturing unit in Sangrama, Sopore. On September 25, 2018, Woodpeckers Modula was  launched.

Initially, the team consisted of just two members, with Murtaza himself wearing multiple hats—site engineer, helper, machine operator, designer, sales executive, and managing director. “In the beginning, I was literally a one-man army. I was measuring sites during the day and operating machines at night,” he says.

The journey was anything but smooth. From the 2019 clampdown to the COVID-19 pandemic and labor crises, ‘Woodpeckers Modula’ faced multiple setbacks. Yet, Murtaza’s unwavering determination kept the business afloat.

“Every challenge taught me something new,” he shares. “The pandemic was particularly tough, but it also made us adapt and innovate. Today, we have served thousands of clients, and our team has grown to over 25 members.”

With a consistent annual turnover exceeding ₹2 crore, Woodpeckers Modula is now a household name in Kashmir’s modular furniture industry.

The business has evolved from a small manufacturing unit to a comprehensive experience center where customers can explore and experience modular units firsthand. The centre showcases an array of high-quality furniture solutions designed to enhance living spaces.

“We see our customers as invited guests, and we, the hosts, are responsible for improving their living experience,” says Murtaza.

Murtaza’s story has inspired countless young minds in Kashmir to explore entrepreneurship. He believes that dedication, resilience, and a positive approach can overcome even the most formidable obstacles.

“One must keep pecking away like a woodpecker until the job is done,” he says, drawing a parallel to his brand’s namesake.

Looking to the future, Murtaza aims to expand Woodpeckers Modula by introducing more innovative designs and reaching a larger audience. He also plans to collaborate with local artisans to integrate traditional Kashmiri craftsmanship into his modular furniture designs.
“We plan to introduce new product lines and expand our operations next year. I dream of putting Kashmir on the map as a hub for high-quality modular furniture,” he shares.
Reflecting on his journey, Murtaza offers advice to aspiring entrepreneurs:
“Embrace Challenges: Challenges are opportunities in disguise. Face them head-on and learn from them.”

“Continuous Learning:  Never stop learning, whether it’s from books, experiences, or people around you.”

“Trust the Process: Success doesn’t come overnight. Stay focused, be patient, and trust the process.”

From a young engineer to the founder of North Kashmir’s first modular furniture business, Syed Murtaza Qadri’s journey is a testament to the power of resilience, innovation, and self-belief. His story not only highlights the potential of entrepreneurship in Kashmir but also serves as an inspiration for others to dream big and work tirelessly to achieve their goals.

As Woodpeckers Modula continues to grow, Murtaza’s journey reminds us that success is not just about reaching the destination but about persevering through the challenges along the way.

 

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