Initiative launched for market access of women’s businesses

A capacity-building initiative titled "Corporate Connect: Strengthening Market Access for Women-owned Businesses" was launched in the city on Monday aiming to enhance supply chain linkages of their enterprises.

The technical advisory project, implemented by the International Finance Corporation of the World Bank Group and the Ministry of Commerce of Bangladesh, will help build better connections between women-owned businesses and corporate buyers, provide capacity building training, and help promote business case for sourcing from women in Bangladesh, according to a press release.

The inaugural event was attended, among others, by Deputy Manager, Sustainability of DBL Group, Mashook Mujib Chowdhury and Dr Nadia Binte Amin from the Women Entrepreneurs Network for Development Association.

World Bank Group Private Sector Specialist Hosna Ferdous Sumi attended the inaugural event and said the project marks the exciting beginnings of a new platform of women-owned businesses in Bangladesh that are looking to grow their footprint through corporate procurement opportunities.

Some 67 businesses have been selected to receive online training. The businesses represent sectors including RMG, Handicrafts, E-commerce, ICT Services, and Food & Beverage.

Under the project, an online training will take place from January 09 to January 31. Participants will receive training and expert advice on a variety of topics relating to business strategy and operations, as well as how to navigate procurement processes and pitch to corporate buyers.

This online training program is part of Bangladesh Investment Climate Fund, funded by the UK Department for International Development, and is focused on export diversification and gender-related activities.

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