Subscribe in a reader | Subscribe by Email KUALA LUMPUR: The MIC plans to create 5,000 Indian small businesses to create a pool of budding entrepreneurs who think big. MIC president Datuk Seri S. Samy Vellu said they wanted to instil the "think big" motto among the budding entrepreneurs.
"Who knows, some of them might even make it (to the Who's Who list) one day," he said in a statement. The Who's Who, published annually since 1849 by A&C Black, is the first biographical book of its kind and is among the world's most recognised and respected works of reference, with over 32,000 short biographies of living noteworthy and influential individuals from all walks of life.
Samy Vellu, who is also the Works Minister, said the MIC Economic Committee headed by Tan Sri Dr K.S. Nijhar had been tasked with organising the Business Development Seminar for Malaysian Indian Micro/Small Businesses on Dec 1. Themed Starting Small, Becoming Big, the one-day seminar is also jointly organised by the MIC's social arm, the Social Strategic Foundation (YSS), and National Entrepreneurship Institute.
Samy Vellu said there were many business loan programmes for micro and small businesses available from various banks. "The MIC's objective is to educate and provide adequate knowledge to micro and small businesses so that they are ready to tap into the programmes available," he said.
He said the party was aware that many Indian businesses were informal in nature with a majority of them not registered with the authorities and without any business plan. "In many cases, they don't even have basic accounting skills or current account. Many Indian microbusiness people don't have the know-how to apply for business loans," he said.
Samy Vellu said that while these small entrepreneurs survived in the market, their full potential was not realised nor were they maximising their income potential.
Those wishing to participate in the seminar can fax their registration forms to the organisers at 03-7960 5128 or contact the YSS office, 5th Floor, Menara Manickavasagam, Kuala Lumpur.
