SME Times is powered by   
Search News
Just in:   • Monetary panel minutes signal a hawkish RBI in the offing  • IMF urges US to cut debt, deficit  • China mulls anti-dumping measures on synthetic rubber imports  • PNB's 'Mission Gandhigiri' to help recover Rs 1,800 cr  • SA leader leaves Commonwealth summit to deal with protests 
Last updated: 29 Oct, 2015  

Pranab Mukherjee THMB Family businesses important for economies: Prez

pranab-2010091730403.jpg
   Top Stories
» Modi's visit to strengthen India-UK trade: Industry
» Assocham-Deloitte study for integrated end-to-end logistics
» Urban population contributes more than half to GDP
» India-UAE skill mapping and HR conference in Dubai on April 22
» Delayed GST refund to exporters: Prabhu to raise issue before FinMin
SME Times News Bureau | 29 Oct, 2015
Terming family businesses important for economies around the world since times immemorial, President Pranab Mukherjee on Wednesday said these contributed 60-70 percent to the Gross Domestic Product of India and 40-50 percent to its employment sector.

"...while family is one of the oldest surviving social systems, family business is the oldest surviving economic system. Business history is witness to the fact that most countries have family businesses playing significant roles in the development of the economies in their respective countries," the president said.

He was speaking at a book release function at Rashtrapati Bhavan here.

Mukherjee, who received the first copy of the book 'Indian Family Business Mantras' from union Urban Development Minister M. Venkaiah Naidu, said that family and business have been interconnected for a long time.

The real life examples given in the book offer meaningful insights into business families on managing themselves effectively, dealing with conflicts and challenges as a family and the strategic value of staying together as members of the business family, he said.

The book has been written by Peter Leach, a business advisor, teacher and facilitator who works with family business owners globally, and Tatwamasi Dixit, a Chennai-based consultant.

Dixit said he along with his co-author had tried to highlight good practices of family businesses.

"The book will help people to do well in their family businesses as we have tried to explain how a family business could do well generation after generation," he told agency.

On the occasion, Naidu appreciated the effort of the authors in bringing out the book and said that strong Indian family values were good for family businesses.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 20 Apr, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(49)
» Startup India has created large-scale jobs: Commerce ministry(4)
» Banks need to speed up MSME loans under PMEGP: Govt(3)
» New MSME definition(2)
» Three years of Mudra(2)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter