International franchising solutions provider FranGlobal is going to organise the first international franchise and retail expo in Bangladesh next month.
The event will see the participation from more than 50 international and local brands from different industries, showcasing their franchise opportunities.
It will also feature knowledge-sharing sessions by industry experts from home and abroad on franchising, retailing, licencing, entrepreneurship and best practices of business innovation.
The event will be aimed at making meaningful business connections between high net worth investors or entrepreneurs and corporate bodies looking for low-risk, high-reward business development opportunities.
At the same time, the event will also be helpful for business owners of existing brands who are willing to take their brand concepts to the next phase of growth, said the FranGlobal officials.
FranGlobal will provide all the support and services for the brands who want to enter the Bangladesh market and also for Bangladeshi local brands looking for expansion through franchising locally and globally, the officials said.
Apart from this, the company will provide franchise development consultancy for Bangladeshi brands, facilitate liaison between international brands and Bangladeshi investors and arrange exhibitions and knowledge-sharing events, they added.
"What Bangladesh needs is scalable brands. Any developing market needs to create their own brands-and that is where we want to help them because you cannot always bring brands from outside and live on them", chairman of Franchise India Gaurav Marya, who was in the capital recently for its upcoming Bangladesh launch, said.
"Our aim here is not only to bring international brands but also to build a lot of local brands-and that is our strength. We help smaller businesses", he added.
Marya said that his company has identified five or six priority sectors to start with such as health, beauty and wellness, hospitality, food and beverage, education and retail.
"This market is very good but mindset needs to be changed", Marya said on Bangladesh's business environment.
"Lots of people feel that it is very difficult to do business in Bangladesh. But on the ground, this is a favourable market", he added.
Listed in Singapore, FranGlobal is currently operating in Canada, the United Kingdom, India, Singapore and Greece along with other diverse geographies.
FranGlobal has supported brands like, The Coffee Bean & Tea Leaf, Gloria Jean's Coffees, KFC, McDonalds, Sbarro, Levis, Benetton, Roberto Cavalli, Reebok, Baskin Robbins, PepsiCo, Yogurberry, Nina Ricci, Little Kickers, Mandilicious and many more in entering and expanding their operations worldwide.
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