80% women startups move with self-funding

Kavitha, 4th from left, in Batukamma dance. Insets: awards presentation

80% women startups move with self-funding

Just about 15% of entrepreneurs are eves

Telangana legislator Kalvakuntla Kavitha calls for equality in funding

HYDERABAD, Oct 13 (The CONNECT) – Just about 15% of the entrepreneurs in India are women and 80% of them are self-funded.

Presenting this glaring inequality, Telangana legislator Kalvakuntla Kavitha pointed out that the success stories women entrepreneurs, despite hurdles, would be inspiring for others to emulate.

Kavitha was speaking as the chief guest at Telangana Chamber of Events Industry’s (TCEI) 4th Stri Shakti Awards 2021 to Women achievers yesterday.

In all, 40 awards were presented to both professionals and entrepreneurs who are contributing to sectors such as event, culture, entertainment and related industries. The awards were presented in three categories: Stri Murthy, Stri Shakthi and Stri Ratna.  

Smita Sabharwal IAS, Secretary to Chief Minister, Telangana State; Karuna Vakati, IAS, Commissioner of Public Health and Family Welfare, Telangana State, Ms. Deepthi Ravula, CEO of We Hub and Dr. S. Shantha Kumari, President Federation of Obstetric and Gynecological Societies of India (FOGSI) were guests of honour

Kavitha gave away awards to Vinobha Devi, the first Chief Engineer of Mission Bhageeratha; Anusha, an engineer and Pushpalatha, Executive Engineer - Mission Bhagiratha, who supplied water to many households in Khammam. 

Earlier Kavitha joined 20 women from Sri Mallikarjuna Swamy Mahila Shivasatthual Bonala Kolatam Brundam from Jangaom for a Bathukamma folk dance.  

The Events Industry in India and globally has undergone major changes in the past two decades. The Indian events industry is expected to cross Rs 10,000 crore by 2020-21 as per reports of CAGR (Compound Annual Growth Rate). However, I feel that this number is much larger as we are yet to streamline the data collection in this diverse and largely unorganized industry. 

The event industry shares excellent synergies with Tourism, Culture and Entertainment sectors. It enhances destination profile, creates platforms for business and society partnerships, builds vibrant community, enhances visitor economy and stimulates infrastructure. 

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