Entrepreneurship and Economic Growth: A Case Study of Su-Kam

Abstract

Entrepreneurship is essential to achieve high rate of economic growth as it results in more production and employment opportunities. Entrepreneur recognizes opportunities and faces challenges. He assembles the factors of production to turn dreams into reality. Entrepreneurship is considered a prime element in the development of many countries across the globe. The countries which promote entrepreneurship development achieve high economic growth rates in comparison to those countries which impediment entrepreneurship. The entrepreneurial economies are considerably different from non-entrepreneurial economy in social and economic respects like quality of life is better in entrepreneurial economy. The government and other employers may find it difficult to provide employment in future. This increases the role of entrepreneurs who will create new jobs and opportunities. The present paper is a case study of Su-Kam; leading Power Back-up Solution provider in India. The primary objective of this paper is to describe the entrepreneur behind Su-Kam; who set up a Cable TV business with a small sum of Rs. 10000 and turned that into an ISO 9001 and ISO 14001 certified company.  Presently the company is a real Indian MNC; having 10000 dealers, 06 manufacturing units with export to more than 71countries and 23 offices in India and1 at Dubai. The company has 2100 plus employees base across India and have obtained investment from Reliance India Power Fund (A joint venture between RADAG (Reliance-Anil Dhirubhai Ambani Group) & Temasek Holdings, Singapore). The paper concludes by taking some lessons from the success of Su-Kam to other entrepreneurs in India.