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Perceptivei CEO on India-Singapore trade and stimulating the economies of the Commonwealth nations in Asia

 

Press Release 20 October 2003

Bangalore, India – October 15 -19 2003, Perceptivei Chief Executive Officer, Mr. Carlos Nicholas Fernandes addressed representatives from NGOs, governments, and the private sector at the ‘Asia Regional Consultation on Youth Entrepreneurship Development’. The event was organized by the Ministry of Youth Affairs and Sports, Government of India and the Commonwealth Youth Programme Asia Centre, Commonwealth Secretariat.

 In response to media enquiries from India regarding his thoughts on bilateral trade between the countries of Singapore and India, Mr. Fernandes underscored the importance of cooperation between the two countries and cited the natural cohesiveness of the two economies. He indicated that Singapore’s value add to India would be the knowledge capital and the expertise Singapore has gained over the years in terms of improving efficiency and productivity. He cited the manufacturing sector as an example of an opportunity for collaboration that could help India move up the value chain and gain a larger piece of the global manufacturing pie.

 Mr. Fernandes pointed out that India’s rural population is significant at about 70% and urged the initiation of mass self-employment schemes in rural areas to increase per-capita income. Elaborating on the idea of ‘mass self-employment’ Mr. Fernandes suggested that NGOs needed to identify the natural core competencies of individual villages that take into consideration geographical and cultural aspects as well as the skills of the resident population. He explained that NGOs would also need to build relationships with the private sector to facilitate the establishment of sales channels in order to ensure sustainability of the new enterprises. He added that technology could play a key role in helping achieve a quantum leap for such economies by establishing distribution channels for rurally developed products. He highlighted the case of a village with a woman over the age of sixty that had learnt HTML and successfully drew interest for the village products from overseas markets. 

Mr. Fernandes cautioned that rising salaries in urban areas could potentially prove an inhibitor to the growth of entrepreneurship. He drew parallels between developed economies and the future of high-growth urban cities in developing nations. He stated that a culture of entrepreneurship would need to be further developed to draw people toward an entrepreneurial lifestyle in order to counter the effects of high incomes that could stifle entrepreneurial activity.

 The strategies outlined from this round of talks will be distributed as recommendations among the governments of the member nations of the Commonwealth in Asia.

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About Mr. Carlos Nicholas Fernandes (Media Contact: pr@Perceptivei.com)

 Called an 'Ideas Man' by one of Asia's leading newspapers, cited by the Singaporean administration as entrepreneurial talent that has made his mark on the country, covered extensively by the media, Mr. Fernandes is one of Singapore's well known entrepreneurs. He is the founding CEO of Perceptivei, a company that develops enterprise software for Governments, Fortune 500 and blue chip customers. In recognition of his impact on society and the technology sector in Singapore and the region, Mr. Fernandes was named 'Young Professional of the Year' by the Singapore Computer Society (SCS), a 17,000 member strong society that represents Singapore's largest IT professional body. He is also the recipient of the prestigious Tan Kah Kee Young Inventors' Award. With a strong belief in affecting positive social change, Mr. Fernandes co-founded LDKids, an initiative to help learning disabled children cope with the academic environment of today. LDKids has been widely noted internationally, including the BBC and SKY News. As a frequent industry speaker, he plays a key role in fostering entrepreneurship in Singapore, the broader ASEAN region and works with the Singapore Government and educational institutions in this mission. In addition to chairing the Knowledge Management & E-Learning Special Interest Group (SIG) at SCS, Mr. Fernandes is actively involved in various programs to nurture the development of the infocomm industry in Singapore for the years to come.

 
About Perceptivei Pte. Ltd. (Media Contact: pr@Perceptivei.com)

 Formed specifically to address the problems and challenges of online customer service and acquisition, Perceptivei is the preeminent provider of next generation, Emotionally Intelligent Interfaces and Anticipatory service technologies. Most notably, Perceptivei technology was voted by the California-based RealWare Awards as one of the Top 4 Customer Interaction and Business Intelligence Applications of 2002. Perceptivei is also the recipient of several other awards and accolades including those from Singapore’s National Science and Technology Board, Economic Development Board, Sybase and Hewlett Packard. Perceptivei’s customers include Fortune 500 and blue chip customers like Great Eastern Life.

 
 

About Commonwealth Youth Programme (CYP)

Commonwealth Youth Programme works for a world where young women and men (15-29 years) can reach their full potential - Where they can use their creativity and skills as productive members of their societies.

CYP is the youth department of the Commonwealth Secretariat. The Commonwealth Secretariat carries out the decisions of Commonwealth Heads of Government. CYP has Regional Centres for Africa, Asia, the Caribbean and the South Pacific. These are located in Zambia, India, Guyana and Australia respectively.

 

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