Hyderabad– The Indus Entrepreneurs, the world’s largest network of entrepreneurs, will form its Amaravati chapter to cater to the state of Andhra Pradesh, its Board of Trustees decided on Wednesday.

With the approval from TiE Global in place, TiE Amaravati is expected to have a formal launch early next month in Amaravati.

Sateesh Andra, Managing Director, Endiya Partners, Suresh Rayudu Chitturi, Vice Chairman & Managing Director, Srinivasa Hatcheries and Purnima Kamble, Partner, Fox Mandal & Associates along with other board members made the announcement at a news conference here.

“An organization like TiE is the need of the hour to foster entrepreneurship in the new state of Andhra Pradesh. A large number of successful entrepreneurs/operating executives are keen and dedicated to the virtuous cycle of wealth creation and giving back to the community. TiE Amaravati chapter is a perfect platform for contribution and realizing their goals,” said Rayudu.

Andra said that TiE will play a crucial role in focusing on creating and nurturing next generation of entrepreneurs in Andhra Pradesh.

“Our immediate focus will be Fintech, IT/ITES, pharma/life sciences, manufacturing, agriculture & food processing sectors. TiE Amaravati will also work closely with educational institutions to introduce entrepreneurship based courses in the curriculum, assist in setting up E-cells and incubators to inculcate the entrepreneurial aspirations in young minds,” he said.

TiE, a non-profit organization founded in 1992 in the Silicon Valley, currently boasts over 13,000 members in 61 chapters across 18 countries. (IANS)