A one-day seminar on “Start-up and Stand-up India for Socio-Economic transformation of Jharkhand” was held at ICFAI University, here on Tuesday. Welcoming the audience to the seminar, Prof ORS Rao, Vice-Chancellor of the University said, “Traditionally, India has been an Entrepreneurial Nation even from pre-Independence Era. As per a recent report, in the technology driven startups, India has moved up to third position in 2015, just behind the US and the UK. Jharkhand also produced a number of successful Entrepreneurial organisations and more importantly, facilitators of entrepreneurship, like Vikas Bharati, Rama Krishna Mission and Jharcraft, which have made a difference the Rural Poor of Jharkhand.” Referring to the initiatives taken by ICFAI University to facilitate start-ups in Jharkhand, Prof Rao added “Our University plans to start an Incubation Centre”. Addressing the seminar as Chief Guest, Padma Shree Ashok Bhagat, who pioneered Rural Entrepreneurship in Jharkhand, said “Start-up Entrepreneurs should first understand the needs of local people, particularly in Rural Areas, educate the Rural People and take up activities to do Value Addition to agricultural / forest items grown locally”. Sri Dhirendra Kumar, former MD, Jharcraft, advised the students to understand the agricultural and forest produce grown in Jharkhand and build businesses around them.