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Entrepreneurship in India – hype or happening ?

When it comes to entrepreneurship in India, for the longest time now, it seems that most of us have been rehashing, repeating and regurgitating the same things over and over again. I can figure out some of the reasons that plague entrepreneurship in India are: Lack of funding, No ecosystem, Bureaucratic red-tape, No Product Companies, Revamping Education, Lack of Good Mentors, Lack of M&A activity, etc. What are your views about this?.

Initiated by Anu Agarwal on 16 Jun, 2010 | Total Comments: (49)
 
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  • yes in India it is happening .
    A single window system to assist the enterpreneur is a great help.
    a enterpreneur like to see a cool and encouraging goverments to establish his unit.
    enterpreneur choose a state where industrial policy is constant which does not get effected when ever there is a change in government Posted by P.Satya Narayana , Advocate | 02 Jul, 2010
  • u r right anu......
    Entreprenership is more hype than happening in india.....
    if i want to start a business from scratch , its not possible because no one be ready to finance it......
    even financial institution will ask for some contribution from the promoter.
    so if some body has a very sound and viable business model but has no fund.in india nobody will be ready to finance him.......... Posted by AG Consultants, Management consultant at AG Consultants | 02 Jul, 2010
  • Good Morning Dear Ms. Anu ,

    Enterprenuership in Indiia on increasing trend either through traditionsal or today's advance Internet .

    Thanks, Posted by Parveen Kumar Chopra, Business Associate at Aarogyaa.com | 02 Jul, 2010
  • In my opinion Entrepreneurship is misunderstood (I am doing my own business) by the cream who want to jump into and have their own business up & running. It is happening in India but more encouragement and mentorship needs to reach to the general public. TiE is doing its "bit" to reach masses but I believe Entrepreneurship should start at the college level for the upcoming leaders to understand (not academically alone) the finer details of Entrepreneurship.

    I am confident that most of us can contribute to the growing pool of young entrepreneurs as there are abundant opportunities in India to take India to the next level. Posted by Rajesh Gupta, Client Relationship Director at CSC Covansys | 01 Jul, 2010
  • Today IT industry is producing everyday many entrepreneurs, as usual some are really good and others are not. Posted by Rajeev S Paweria, Founder and CEO at infoBizz Consultants | 01 Jul, 2010
  • Entrepreneurship in India really happening but very slowly. I think this numbers will improve in near future.

    rajan Posted by Rajan Puliyakkade, Manager(Electrical) at State Bank Of India | 30 Jun, 2010
  • Good Morning dear Ms. Anu,I am associated with one of the world's best weellness Industry's Premier Nutrition and Weight - Management company with innovative products and un paralleled business opprtunity.

    On joining our company,We do provide intensive & extensive traing about company's product & policy and to the business efficiently.

    Looking forward to a nice association .

    You may call at 09818216536 with a request to kindly send sms avoid unattended.

    Thanks,

    P.K.chopra
    09818216536 Posted by Parveen Kumar Chopra, Business Associate at Aarogyaa.com | 30 Jun, 2010
  • I can proudly say that Entrepreneurship in India is best practiced successfully by the semi-urban medium-scale entrepreneurs in India. The Global Recession is also successfully managed only because of this success with the Entrepreneurial ventures by the Indians. Posted by prabhu Dr., Dean, School of Management at prist university, thanjavur, tamil nadu | 25 Jun, 2010
  • I believe that a perfect situation never exist but we have to constantly strive for the same. Instead of entering into this blame game for something we or others have been unsuccessful or could not do so far, lets wake up and rise amidst all the odds and stand with conviction. Yes! 'Conviction' is my key word. Instead of standing aloof and blaming the system, lets be a part of the system to improve it. We have to create opportunities for ourself and move ahead with conviction. It will open the doors for us as well as for other aspirants. Posted by Deepti Gaurav Aggarwal, Assistant manager at Sharekhan Limited | 23 Jun, 2010
  • I think India is the most happening place in the world today. India has become the testing and breeding ground for new ideas. Though India mayn’t be in the same league as that of her western counterparts when it comes to filing new patents. We didn’t possess the same scale and size either. Still we are catching up fast..... Entrepreneurship is the most viable instrument/tool to improve living standards of 1.1 billion people and to create more employment opportunities which the government can't do alone. So far, i believe entrepreneurship is mainly restricted to tier-1 and II cities. This is slowly changing and more and more people from smaller towns and villages are ready to join the entrepreneurial bandwagon provided they ...See More Posted by Senthilkumar, Business Analyst at IBS software services | 22 Jun, 2010
  • Anu Agarwal's discussion topic is topical and crucial for India's socio-economic growth. Prosperity creation and distribution at 100% population level can better be shared or contributed to a major extent only by self employment ventures which would create at least few more jobs for others. Government of India has a separate Ministry for small and medium enterprises for supporting entrepreneurship and it is doing its job in its own way through developing skills and providing loans through public sector banks.
    Entrepreneurship is more of encouraging personal initiative for creating prosperity and distributing to fellow men and women and this ought to have been taken up by the government in a missionary spirit. But ...See More Posted by George Varuggheese, President at Godimages Good Governance Society | 19 Jun, 2010
  • Entrepreneurship & Intrapreneurship- a real time story for the Peers under Peer Power from Er Ramalingam K S, Innovation & Design Engineering Consultant

    The Term ‘Entrepreneur’ was applied to business initially by the French Economist, Cantilon , in the 18th Century, to designate a dealer who purchases the Means of Production for combining them into Marketable Products as an Individual who bears the risk of operating
    ...See More Posted by Ramalingam K S, DFM & Innovation Consultant at SUBRAS 3D | 18 Jun, 2010
  • Many people have shared their views on Enterpreneurs....out of all I would request someone to share their enterpreneurial journey...which turned out to be a success or failure with reasons....It would give us a real life experience than commenting on what others should do or should not have done.... Posted by shalini ratan, Founder and Chief Knowledge Facilitator at NIRVAN Life Sciences Pvt. Ltd. | 18 Jun, 2010
  • It is definitely a hype.Many a times our prospective entrepreneurs develop cold feet when a real oppurtunity presents itself. Perhaps it is the fear of failure or lack of ability to hardwork and struggle which invariably accompany such oppurtunities. We should not forget that" there is no free Lunch" and that all big industrialists have gone thru' their share of struggle and hardwork and continue to strive hard even after spectacular achievements. It is the lack of such bubbling passion and urge to succeed which one of the major causes of lack of entrepreneurship in India. Posted by JAYANT SHARMA, Chief Executive(Airworthiness) Retd. at Ex-DRDO ;Centre for military Airworthiness & Certification(CEMILAC) | 18 Jun, 2010
  • Entrepreneurship signifies ones initiative/drive to do something or materialise some innovative things - be it an intellectual proprety or creation. The concerned individual if lacks in procuring resouces fails to get the results, if sells himself for money the property in him goes to the buyer(s).
    The so called management gurus/ institutions have never tried to assess his/her inner urge/potentials. There is no financial supports from FIs either by resource mobilisation or by improving the initiative for commercial usage or for gainful purposes.
    There was an attempt from ICICI Venture Fund to support the mega projects and I CREATE, a body, ones tried to develop and train the person(s) having entrepreneurship ...See More Posted by Ashok Ghosh | 18 Jun, 2010
  • You are absolutely right, Anu. Entrepreneurship development in India is a fad among planners, scholars and administrators and politicians who have never been entreprenerial themselves. India can try to do everything only with plans, projects, schemes and policies. So India fails to achieve these. Entrpreneurship is a trait that has in it the capability to sollve all problems: entrepreneurship attracts funds, by pass red-tapiosm, finds out mentors and guides that are relevant, goes beyond what is taught in the schools and colleges and willing to take risk and does not complain about the society being unhelpfu. Entrpreneurs know that they may or may not succeed but will never give up trying for fear, risk or lack of help. ...See More Posted by Basudeb Sen, Independent Director at South Asian Petrochem Ltd | 17 Jun, 2010
  • Entrepreneurship in India has taken a beating because of lack of social support (peer, family and neighborhood). The word business is considered as a social taboo and a big risk. We Indians are better of working as slaves for others rather than risk losing. Shame on MBA's who do a course meant for entrepreneurs and end up working as super managers or super corporate janitors and the excuse is experience. Posted by Anish Kumar Sreedharan, Lead Enterprise at my bhumi | 17 Jun, 2010
  • Entrepreneurship is going to be happening once the Leadership oriented batch of people first enter the Organised Retailing which is going to dominate the market as The Methodology in the next 10 years thus,enable the others to see the testimonies of the aforesaid category and follow their foot steps and thus going to create at least couple of hundreds of Millionaires in India Posted by VIJAYAKUMAR VELUTHAKKAL, Training Consultant at Peak Performance Trainings | 17 Jun, 2010
  • I also agree with Mr.Anu Agrawal, an entrepreneurship seems to be hype in India than happening,because initially an entrepreneur think only about his project but when it starts, real facts are very different than dreams.Even if anybody dare to initiate something, can enjoy struggle as saying, hard work pays you and so on but ends up with frustration and shifting over to other profession with an experience of failure as the story of fox in which grapes do not remain sweet to fox after lot of hardwork. Posted by Pravin Deshmukh, Information Technology Officer (e-Governance) at Nagpur Municipal Corporation ,Nagpur | 17 Jun, 2010
  • My own experience in dealing closely with entrepreneurs over the last 15 years is that entrepreneurship is more a matter of passion than anything else .... entrepreneurship can never be justified by the risk - reward financial analysis, after all 90% of all entrepreneurial ventures fail ... failure being defined as yielding returns substantially lower than the opportunity cost, at least in the first 5 years of a venture .... the fact that an entrepreneur gives the venture the time and the opportunity to actually yield financial returns is a function of the passion that drives entrepreneurship.
    Its very easy to dwell on the constraints and failures of the eco-system, but if the passion is missing an entrepreneur is just ...See More Posted by Jayant Tewari, CEO & Financial Technologist at Out-Sourced CFO & Business Advisory Services | 17 Jun, 2010
  • Entrepreneurship is the act of being an entrepreneur, which is a French word meaning "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods".

    Anu I think it is not Hype. IT is already their since ages. You can be in service and still be successful entrepreneur. Finally it is innovation in place of work.It is idea and business acumen with which you work.
    ...See More Posted by Shekhar Kulkarni, Vice President (Marketing) at Priya Group | 17 Jun, 2010
  • Lip Service is always in vogue and therefore all the hype and attention around entrepreneurship. The truth is that to promote and foster "entrepreneurship" requires serious commitment, hard work and sincerity - most importantly especially at the early stages it requires for enablers to shed that wonderful business ability called "arbitrage". This is difficult to do away and therefore the merit of the discussion that you have started. To make matters worse, the policy makers are not committed to putting in place an ecosystem that fosters broad based entrepreneurship but are rather focussed on paying attention to the needs of the "capitalized" companies.
    There is a problem and as always therefore, an opportunity.
    We ...See More Posted by Prakash Prabhakar, MD & CEO at Q-Equip Associates India | 17 Jun, 2010
  • Entreprenurship for human kind is like honey for bees. We are atttracted to it and want to be engaged in the business of creating wealth - more and more output with less and less of input. However for it to have roots, growth and starting to bear fruits, entrepreneur require a conducive environment, though some like Naryan Murthy or Asim Premji or Daveshar or Tatas or Birlas or you may name several success stories as agianst 10 times more failure realities, are able to grow inspite of the harsh weather, drought or cyclones of ecosystem, Bureaucratic red-tape, No Product Companies, Revamping Education, Lack of Good Mentors, Lack of M&A activity or what not you have named or not named - the hard reality is that if anything can go ...See More Posted by Devendra Agarwal, General Manager-Chief, Performance Management & Benchmarking at Oil & Natural Gas Corporation Ltd (ONGC) | 17 Jun, 2010
  • Entrepreneurship in India is growing through professional organisations like The Indus Entrepreneurs. The youth in India has tremendous talent to become successful entrepreurs, however, the social structure prohibits them. The youth is largely governed by their parents and other social networks (relatives, neighbours and freinds). They then prefer jobs to taking risks (associated with any business ventures). I inspire youth to transform an idea into a successful business through mentoring and using my international experience. I am currently based in London.

    The seeds of developing entrepreneurship in India have been sown and the fruits from these seeds will be visible over next few years. The youth of India will ...See More Posted by Ram Kundnani, Director at Passion Consulting Limited | 17 Jun, 2010
  • i agree with the view it is more hype
    even when i am teaching in b-school practically everybody is on the bandwagon of getting in a dream company and rising higher in corporate sector.the risk taking ability is not there.we all love to talk and have inspiring lecture of dhirubhai ambani ,bill gates but very few want to do it .it is a classic case of road less traveled.
    manoj saigal director (relic academy) Posted by MANOJ SAIGAL, DIRECTOR at RELIC ACADEMY | 17 Jun, 2010
  • Nice post..I think it is happening but needs to happen
    at a much larger scale..esp. not just in IT.
    I am trying to make a presentation on what stops professionals from taking the plunge ito entrepreneurship. I have identified:
    ...See More Posted by Vivek Joshi, CEO at Wyzen Systems Private Limited | 17 Jun, 2010
  • It seems to me that too many are expecting "the system" to help one move ahead. A true leader does not expect things to be done for them. A successful person takes the view "if it is to be then it is up to me". So a leader will find a way to do what needs to be done.
    Success follows a formula:
    Success = Dream (desire) + Work + Vehicle
    ...See More Posted by Dale Gerke, Owner/Chairman at Success Alliance | 17 Jun, 2010
  • In my view the bureaucretic red tap is the most rnoned obstecle. despite lot of thinking to build the national assests enterpreuners in India (mostly the citizen of India)not getting support from govt.
    i would like to share our experiences with women groups who promoted to form a Ltd. company for processing & value addition in Garhwal uttrakhand through private investment support but secretary women empowerment in govt. of uttrakhand issued recovery oders against the supporting organisation and recovered forcefully, Rs. 500000 through administration. Victim women are crying in courts, lokayukta office and before ministers but no one interested to listen.
    In situations like this how enterpreunership will assesed/ Posted by Laxmi prakash Semwal, Director at Shri Jagdamba samiti | 17 Jun, 2010
  • Barring few exceptions, I feel entrepreneurship in India, is a hype. What we see is mid term business view than Entrepreneurship. We can blame it to any thing but what I feel strongly is that some how there is no real entrepreneurship development. We do not see many with a global vision. What is the difference between India and China. We always tried to blame our labour laws, infrastructure, Bureaucratic red-tapism etc, but how many of our business houses had set up businesses with serving globe as a whole? Not many or very few - that too by default. I feel we need to institute a system to find out, develop and Mentors good Entrepreneurs. Posted by SUDEEP NAIGAONKAR, CEO at Chrysalis | 16 Jun, 2010
  • It all depends on how you define an entrepreneur. India has always had enterprising people who started small and then grew their businesses. India has been a land of entrepreneurs - from the migrant who moved into a bigger city to start a small idli/dosa stall and then moved on to become an owner of a restaurant - to the humble cloth merchant who did some backward integration and set up a textile factory - they are all entrepreneurs. The Indians who migrated to set up their businesses abroad are also entrepreneurs - and are ample proof that India is a nation of entrepreneurs - a nation of enterprising people. Unfortunately - the segment is extremely fragmented - too vast and to a great extent anonymous. In fact they thrive on ...See More Posted by Ajoy Vakil, CEO at DirectMart India | 16 Jun, 2010
  • Yes, I believe entrepreneurship is happening. But for the reasons/challenges cited by you people have largely stuck to the services sector. Angel funds, powerful sustainable ideas, viable products, make it difficult for entrepreneurs to find genuine mentors. Moreover, our education system prepares us for JOBS and does not push or recommend entrepreneurship. How can our faculty (job holders) guide students on doing/running a business. Nevertheless, entrepreneurship as an opportunity to make the best out of ones life and skilss/abilities is unstoppable and will gather greater momentum in the years to come. India in particular has immense scope within their own diverse communities. Rather than believing in the HYPE of creating a ...See More Posted by Gautam Patnaik, CEO & Principal Consultant at KQM Consultants | 16 Jun, 2010
  • Entrepreneurship in India is happening for sure .Opportunity makes the talent shine. Size of the market and opening of the economy has given the investment and disposal income a good momentum which has supported the higher risk taking capacity of the new breed of the entrepreneurs. Posted by Virendra Bhandari, CFM at New Horizons-UAE | 16 Jun, 2010
  • Dear Madam,
    You have taken a very live isssue or rather a subject and is close to my heart. While it is to be appreciated that in a few our communitiy circles the spirit of entrepreneurship is very deep, natural and live in the larger part of the society it is scarce and exceptional to indivdual's capacity, motivation and various other factors that go in the making of an entrepreneur. To my mind whether it is hype or happening it is hardly at the grassroots, nor it is being inculcated into the social and economical strata of our society. It might take quite some time to achieve to that end but work must begin soon. It may need to work onall those points raised by you. Plus, or may be more, it will work magic through ...See More Posted by Navniraj Obhrai, Vice President Operations at Bonace Engineers Pvt Ltd | 16 Jun, 2010
  • hi anu
    yes true their is lacking of very few get fund from their own kith and kin their many dreamer who can perform well but no expected support from either side from government or surrounding side
    ecosystem yes their lacking of awareness among the common people and government
    only an influential can get red tape welcome from bureaucrat
    Their are good mentor whom we can rely but need to identify
    now their are good no of companies have opted for M&Afor expansion for their growth Posted by Radhakrishna Srinivas, Director at Fin-Lex Corporate Advisory Services Pvt Ltd | 16 Jun, 2010
  • Hi Anu
    Can you see our Indian business model and law and corporate governance in Bhopal Union carbide verdict last week.Tell em now is India and Indian business is a hype or high peer! ! !!.Indians are good but Indians productivity individuals are good,then what is the difference,team work and team results have bottle necks.I mean net productivity of the TEAM is less than minimum expectations!! why? The reason is earning power of a man (woman too)is far less than his minimum needs of his day today life.
    Do you catch my point.
    ...See More Posted by Tim Duraikannan Venkatraman, General Manager at KK Consultancy | 16 Jun, 2010
  • Hi Anu
    I will answer in a simple way.
    [1] If you are a great MBA graduate you apply to an Indian company with 2years experience! what will you expect?what will be you asked by the Indian cos?
    ...See More Posted by Tim Duraikannan Venkatraman, General Manager at KK Consultancy | 16 Jun, 2010
  • I would most certainly disagree with this view, reason being that I myself took the plunge leaving the cushion of corporate life & in 2 years started on my second venture.
    Yes, Funding is scarce but who says that access to funds is the driving force behind entrepreneurship..funds can help only when idea is bright & I extremely happy that I was born in this era, at this happening time. Consider this: 1st generation entrepreneurs (my partners) working on something as complex as surveillance products in the area of Lawful Interception, CDR analysis, Command n Control centre etc...start-ups doing stellar work in the area of LEDs, Power & energy...Yup..Products are in..and there are lots n lots of promising companies in India ...See More Posted by Vivek Sharma, Managing Director at SeeAhead Consulting | 16 Jun, 2010
  • Mr. Krishnan Gopal you are absolutely right....people wasting time in the Blame Game can never become Enterpreneurs....This is the biggest hurdle than anything else.... Posted by shalini ratan, Founder and Chief Knowledge Facilitator at NIRVAN Life Sciences Pvt. Ltd. | 16 Jun, 2010
  • Dear Ms.Agarwal,

    Its a very nice and valid topic of discussion in the present scenario

    Madam, 1st of all i would like to ask dose every business person who is today is being an enterprenuer really understands the meaning of the word "Anterpreneur"

    I really hope we do have a caliber and capacity to realise the same

    I will further my comment on the same in due course

    regards
    Rajesh Deo
    MD and CEO
    Mimco Logistics India Pvt Ltd
    09323889796 Posted by Rajesh Deo, CEO and MD at Landmark Logistics Pvt Ltd | 16 Jun, 2010
  • Hi Anu
    This is a strange world in India.No norms and terms of India matching with US or UK or Int'l standards.India has it's own law less(not complete) standards.I think it is India's own enemy.So what will happen,big companies like TATA or WIPRO will collapse when loss like USA market crash or Greece happens.Then new western comapnies will occupy India.With our present business system,We Indians are GULAMs of the (west)world business market and Mafias(riches).Come on Anu ,you know better than me ,so you have raised your question and these views,and tell me your original concept and Indian business model edges.Do you see any bottle necks with Indian business standards?Can you have software to correct these ? I have a ...See More Posted by Tim Duraikannan Venkatraman, General Manager at KK Consultancy | 16 Jun, 2010
  • I guess Anu has come up with an absolutely valid defense. Entrepreneurship in india is not really taking off the way it actually should be. I believe the education system is majorly responsible for this. If we look at the B schools for instance the scenario is of blatant marketization.Placements have taken precedence over academics and of course dearth of a proper resource and direction has added to the worsening situation. Need of the hour is to create a rigorous awareness by emphasising on the benefits of working on an individual initiative to fuel self and economic growth. Tripti Dhote... Posted by Tripti Dhote | 16 Jun, 2010
  • It is partly hype & partly happening. The non-availability of satisfying jobs or careers is a blessing in disguise for entrepreneurship .The move towards outsourcing to reduce costs and expenditures related to performance and not related to calendar months or attendance are also the factors for the growth or compulsion to become entrepreneurs .My opinion is that in spite of all hurdles entrepreneurs will grow .And we can see that the failure rates will come down for the new generation entrepreneurs in India .It is indirectly becoming the writing on the wall thanks to the information boom and better logistics . Posted by Ramalingam K S, DFM & Innovation Consultant at SUBRAS 3D | 16 Jun, 2010
  • I agree with your observations. These factors do discourage you but if you have conviction the hurdles will go eventually. In fact I faced most of the issues you mentioned, but I went with my instinct and things are getting on track, obviously hitting roadblocks on the way and quickly learning to get around them too.
    www.rasls.com Posted by Sanjay Pundir, CEO & Executive Director at Right Aligned Solutions Pvt Ltd | 16 Jun, 2010
  • The main stumbling block is the Indian Government who formulate complicated rules which breed corruption. The entire machinery is designed to kill the spirit of entrepreneurs. There must be free hire and fire policy and all kinds of caste and religion based reservations must be done away with in all sectors. Indians have the intellectual capacity and business acumen and sans Government interference, entrepreneurship will flourish. Posted by Dr. Haridas Kadampottu Covilakam, General Manager at Goldman Insurance Ltd, Lusaka, Zambia | 16 Jun, 2010
  • my views:

    Hype & Happening both
    but acceleration of Hype is more
    and people start getting impression that it is Happening.

    Riding other's Horse is getting popular.
    One day our Riders get sold to Horse provider with all values added from our Land & People.

    HR is the concern and Right HR is biggest concern.
    We shall get good mentors, if we have
    CEO = Creative Enterprising Organic ( right balance of IQ-EQ-SQ )

    I Wish this happen,
    then we are Sustainable Super Power for the development of our own Community; on our own. Posted by ASHOK KUMAR IITK alumni Tata Power, Independent Consultant / Mentor at Independent Consultant | 16 Jun, 2010
  • Don't be so cynical ! Enterprenurship is not just a developed countries domain. It comes from within. Posted by KRISHNAN GOPAL, EXECUTIVE DIRECTOR at OMAM CONSULTANTS PVT LTD | 16 Jun, 2010
  • One more problem which I have found is that everyone starts with big thoughts & ideas even bigger than warren buffet, but no one prepares a concrete plan to achieve the goal. Focus is always on the obstacles, rather than believing in their plans and the essential step of implementation the idea.

    Brewing ideas only and not fighting to remove the roadblocks will be a complete time waste. And most of the entrepreneurs are facing the same problem, Posted by Nitin Kapoor, Technology Analyst at Infosys Technologies Limited | 16 Jun, 2010
  • Though there is no doubt that there are hurdles like the ones mentioned above in becoming successful entrepreneurs , what we mainly lack is the entrepreneurial talent. Lately, there have been many successful entrepreneurial ventures mainly in the IT sector, but these are ones floated by people who have been in the industry for some time and having created networks have moved on create their own companies. While not belittling their achievements,I think we need to look for ventures that are in greenfield areas like R&D, biotechnology, water treatment, alternative energy, etc.
    These need to be promoted by the government but essentially also require people willing to take the challenge to make them successful ventures. Posted by Inderpal Singh, Director at Institute of Business Studies and Research (IBSAR) | 16 Jun, 2010
  • Thanks Anu for the nice topic to discuss. Before posting my views i would like to know the reason behind the comment " Most of Us "....

    I would appreciate if you can share your real experiences where you started as an Enterpreneur and failed due to the factors you have mentioned... Posted by shalini ratan, Founder and Chief Knowledge Facilitator at NIRVAN Life Sciences Pvt. Ltd. | 16 Jun, 2010

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