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Ladakh apricot processing plan wins Oxford biz contest
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Tuesday, 28 September, 2010, 08 : 00 AM [IST]
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A team of Indian entrepreneurs seeking to set up a network to supply and process apricots in the Ladakh region to produce marketable products has won the 2010 Oxford International Youth Business Development (YBD) Competition. Held at Oxford University's SaBusiness School, the competition was launched by the Oxford MBS Class of 2006, according to a PTI report from London.
It is a global competition for entrepreneurs aged 16-25, challenging them to develop business ideas that address real economic, social and environmental issues. Of the four teams shortlisted for the final, the judges awarded the top prize to the Organic Fresh Apricot Processing Project from the Ladakh region.
The winning team was mentored by current MBA student Muswagha Katya and led by Amish Chadha, Akshay Rao and Rahul Mathur, all former students of St Stephen's College, New Delhi.
The judges felt that the team clearly identified a need, and a plausible way of meeting this need, and were particularly impressed by the meticulous details and thought which had been put to the application of the plan. The Organic Fresh Project proposes to set up a rural supply and processing network to benefit both farmers and the consumers.
--Agencies
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