FranGlobal eyes $39 million investment from Franchise Bangladesh.
Singapore based Franchise consultancy firm FranGlobal set its footprints in Bangladesh officially with Bangladesh’s first ever International Franchise and Retail Expo on 24 February 2018 at The Westin Dhaka with a cluster of more than a 100 international and local brands as exhibitors. The event was sponsored by Monno Home. Organiser FranGlobal plays a vital role in representing local investors and partnering with diverse global companies for the entry and expansion in different topographies and has six international offices in different countries.
Shafiul Islam Mohiuddin, President, FBCCI was the Chief Guest on this occasion. The Guest of Honors was Mirza Nurul Ghani Shovon, President, NASCAIB & Director, SME Foundation; Selima Ahmed, President, Bangladesh Chamber of Commerce & Industries, and Rashed Maymunul Islam, DMD, Munnu Home & Mr. Gaurav Marya, Chairman, FranGlobal.
This event witnessed the participation of prominent brands from the USA, the UK, Italy, South Africa, Australia, Malaysia, Thailand, and India. It showcased their franchise opportunities along with the knowledge sharing sessions by some local and international experts from F&B, Retail, E-commerce, and Education sector. Many VIPs, Chamber Leaders, Business Owners and Corporate Leaders joined the event as Guest of Honour. Gaurav Marya, Chairman of FranGlobal and Asia’s top franchise expert, conducted a Master Class where he discussed best ways to expand business through franchising and partnering with global brands.
Gaurav Marya, Chairman, FranGlobal stated, “As per PwC, Bangladesh is poised to be among top three fastest growing economies of the world by 2030. The country is home to thousands of businesses and has emerged as one of the largest concentrations of multinational companies in South Asia. While there are a handful of local Bangladeshi brands who want to expand their business overseas and planning to franchise globally; foreign franchisees in Bangladesh are doing impressively well, we believe this is the opportune time for FranGlobal to enter Bangladesh market and we are positive of the same. We seek to bring over 50 brands to Bangladesh in the next two years while creating an investment of $39 million. It is expected to create 2500 new jobs in the Bangladesh market.”
