India's success is market-led whereas in China it is state-induced. Private entrepreneurs, like India's freedom fighters, will make the country independent and drive its growth, said Trivitron group MD and Medfort Hospitals Chairman, Dr GSK Velu.Interacting with management students at an ET in Campus event organised under the theme, India growth story & entrepreneurship at MOP Vaishnav College for women in Chennai on Monday, he said India, which is now the world's 11th largest economy, is set to emerge as the third-largest economy by 2030. The country of 1.2 billion people will require a number of private entrepreneurs to create jobs. Today, capital is not a limiting factor to start a venture. Nor one needs to be rich or hail from a business family to become an entrepreneur. You should only nurture a dream and have the desire to drive it. You can succeed, he said.Sharing his business journey, Dr Velu said the first venture is the difficult part. When he was just 21, he found a niche opportunity in medical technology and started Trivitron in 1997. It grew to become the largest medical technology firm of Indian origin with Rs 500 crore and employing over 1,000 people. He hasalso established Trivitron MedicalTechnology Park near Chennai.Later, he became a co-founder of Metropolis,a leading diagnostic lab chain.Recently, Medfort Hospitals was merged with Maxivision of Hyderabad as a part of the plan to open more diabetes and eyecare centres.Responding to questions from MBAstudents on becoming entrepreneurs, hesaid the top criterion is passion. Thenthey should identify a unique idea orfield and stay focused on it. The next stepwould be to acquire domain knowledge.To succeed, one should have the abilityto build a team and hold it together bymotivating and inspiring team members.He also advised those wanting tostart a enture to do an MBA to know thetheoretical side of doing business. Onrisk taking, he cautioned, Take whatyou can absorb. Risk cannot kill yourcompany. College vice-principal Dr LalithaBalakrishnan outlined the initiativesof the department of managementstudies to promote entrepreneurship.