The future of work refers to an informed perspective on what businesses and other organizations need to know about how work could shift (given digitization and other trends), plus how workforces and workplaces can prepare for those changes, big and small. This workshop shall encourage the students to learn the changing trends in entrepreneurship and the practical solution-oriented initiatives in order to adapt to the changing pattern as well as converting opportunities to a business enterprise.

Under Y20 Engagement Group of G20, the Entrepreneurship Development Institute (EDII), Eastern Regional Office Bhubaneswar in association with World Trade Center Bhubaneswar, Ministry of Youth Affairs and Sports, Government of India and Research and Information System for Developing Countries successfully organized a Brainstorming Workshop On ‘Industry 4.0, Innovation and Entrepreneurship: Opportunities for Youth and Challenges on 23^rd May, 2023 at Auditorium, RCM Bhubaneswar. 

Odisha embraces Industry 4.0, leveraging advanced technologies, natural resources, and a collaborative ecosystem to fuel innovation, productivity, and inclusive growth, positioning itself as a front runner in the digital transformation of industries. Dr. Subrata Kumar Biswal, Eastern Regional Head, EDII deliberated in his address. 

The session acted as a knowledge sharing platform to learn the dynamics of changing trends in entrepreneurship and the practical innovations in order to convert opportunities into business enterprises. 

Kicking off the event, Dr. Subrata Kumar Biswal, a distinguished figure in the field, delved into the intricacies of Industry 4.0 and its impact on various sectors. With his vast knowledge and expertise, he unravelled the transformative potential of Artificial Intelligence (AI) and shed light on its integration within the context of Industry 4.0. His thought-provoking insights sparked lively discussions among the attendees. 

Following Dr. Biswal’s captivating address, Ms. Nimeshika Natarajan, Assistant Director, World  Trade Center Bhubaneswar deliberated on valuable strategies to enhance the export potential of local entrepreneurs, encourage the students to take up unconventional forms of employment, skilled manpower and briefed on the nuances of International Trade. 

Mr. Saswat Panda, CEO, Quocent, shared his expertise as he highlighted the significance of new-age solutions like Artificial Intelligence, the Internet of Things (IoT), and data science etc. Mr. Panda’s profound strategic business knowledge and IT expertise fostered an understanding of the adoption and diffusion of digital solutions in organizations. 

Mr. Chandrasekhar Mishra, Managing Director, Crux Power, brought his corporate and entrepreneurial experience to the discussion. With a background in investment banking and renewable energy, he shared insights on the techno-commercial aspects of the solar industry in Eastern India. Mr. Mishra motivated and guided aspiring entrepreneurs interested in the solar venture to explore the sector and come up with innovative solutions. 

Mr. Rajen Padhi, Commercial Director of B-One Business House Pvt Ltd, with his 40 years of experience in International Trade, shared his expertise on International Trade opportunities. With extensive knowledge of marketing, bank finance, and export/import documentation, he offered insights on penetrating and exploring various aspects of global market and developing new clients through effective business negotiations. 

Mr. Ajit Kumar Pallai, CEO & Founder, Eco Saathi shared his journey as a start-up and about how he turned his passion for sustainable products into a business opportunity. He furtherencouraged the students to work for a better future not just for the planet but for the entire humankind by focusing on sustainability while coming up with innovative ideas to benefit the society while safeguarding human health and environment. 

The session was followed by highly interactive Q&A session and various activities on sustainability theme. 

The program was conducted on 23^rd May, 2023 at Auditorium, RCM College, Bhubaneswar.