Sunday, August 14, 2011

Harish Hande, MD SELCO at Eximius 2011 - IIMB's Entrepreneurship Summit

It was a fitting finale to Day 1 of Eximius 2011 @ IIM Bangalore. I am referring to the keynote lecture by Harish Hande, MD Selco Solar. His thrust on helping asset generation for the rural poor rather than just selling to them struck me as crucial.

Starting on a humorous note with ‎"At IIT Kharagpur I ragged Saurav (Prof Saurav Mukherjee), Arvind Kejriwal ragged me and now he is ragging the country ... " Harish Hande, Magsaysay Award winner went on to highlight the areas SELCO works on and how his journey started.

He focused on the importance of market linkages, technology and financial products for the rural or urban poor. "I told him straight on his face that the concept was exploitative. You take money from the poorest at the Bottom of the Pyramid (BOP) and pass it on to the wealthy top of the pyramid without enabling any asset creation at the BOP", Harish Hande referring to his conversation with Prof C K Prahalad on Fortune at the BOP.

A recording of the talk here:​us2011/b/292491928

How SELCO is spawning off entrepreneurs:

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