MIC aims to return spirit of entrepreneurship to Indian community

KUALA LUMPUR, March 2 (Bernama) — The Malaysian Indian Congress (MIC), aims to return the spirit of entrepreneurship to the Indian community, says its president, Datuk Seri G.Palanivel”The whole idea now is to strengthen Indian entrepreneurship. We (used to) have this spirit but it has declined over time. We need to return this spirit to the Indian community,” he told reporters after opening Koperasi Suria Malaysia Berhad’s (KSMB) office in Bangsar here, today.He said the goal would be achieved through the MIC’s recently announced plan to create 50,000 Indian entrepreneurs within the next 10 to 15 years, through the Indian Community Economic Transformation Programme (ETP) Unit. Palanivel said this will in turn lead to the creation of 200,000 job opportunities for Malaysians, more so within the Indian community.Armed with an initial fund of RM8 million, he said the unit hoped to craft a practical programme to develop entrepreneurship.KSMB, an initiative under the Indian Community ETP Unit, was established on Oct 13 last year with the aim of creating and nurturing a highly competitive Malaysian Indian society.Meanwhile, Palanivel said KSMB planned to upgrade about 500 retail shops run by members of the Indian community within the next two years, under the government’s Small Retailers Transformation Programme (Tukar).”Twenty-seven shops have completed the transformation and 12 others later this month. We also have another 46 potential shops to undergo this exercise,” he said, adding, once upgraded, the shops’ income may increase by 30 per cent.Tukar is an initiative under the Domestic Trade, Cooperatives and Consumerism Ministry to enhance the competitiveness of retail outlets in the country.

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