“Women represent the world’s largest market opportunity and control over 20 trillion dollars. The number of women entrepreneurs globally stands at 13% reflecting an increase in female representation across public & private sector” said H.E. Mr. Sandeep Kumar, Ambassador of India to Ireland. He also discussed various challenges faced by women entrepreneurs such as cultural & political barriers, lack of training & mentoring during the interactive session with members of FICCI FLO.
India & Ireland Women Entrepreneur Conclavewas organised by FICCI FLOin association with Network Irelandas a part of FLO’sWomen of 7 Continents (W7) initiative.
“Investing in women led venturesmakes good business sense. Today women are present across the global value chain as producers, business owners, employees, executives, distributors & consumers. India and Ireland have a strong bilateral relationship and we further look at increasing this association across trade, healthcare, IT, and engineering among others”He further added.
“Our commercial ties with India have remained strong despite the pandemic, and in 2021, we are on course to see growth in trade & business exchanges”said,H.E. Brendan Ward, Ambassador of Ireland in India
“Both countries have worked towards accelerating women’s participation in the process of economic development by promoting Entrepreneurship & professional excellence”said,Jahnabi Phookan, National President FICCI FLO
“India & Ireland both have diverse group of women from budding entrepreneurs, SME owners, professionals & leaders in indigenous & multinational organisations” She further added.
The conclave aimed at providing a platform for professional women to elaborate on the contribution of women entrepreneurs towards the economy, creating platforms for increasing international trade, integrating women vendors into global value chains, increasing awareness among policy makers, of the potential of women entrepreneurs and raising awareness of related barriers that hamper their participation in international trade.
The session was moderated byRinku Mecheri, ChapterChair, FLOChennai
India Ireland bilateral trade for 2019 stood at Euro 1.2 bn (+25.82%). India’s exports to Ireland stood at Euro 636 mn (+13.58%) and imports from Ireland at Euro 480 mn (+46.80%). Some of the items in demand in Ireland include textiles, garments & clothing accessories, pharmaceuticals, medical devices, machinery, light engineering goods, plastics among others. Trade in services between India and Ireland has emerged as a major facet in economic relations.
About FICCI FLO
FLO is the women’s wing of the Federation of Indian Chamber of Commerce & Industry (FICCI). FLO was established in 1983, as a division of the Federation of Indian Chambers of Commerce and Industry (FICCI) which is the apex body of industry and commerce in India. FLO has been promoting entrepreneurship and professional excellence among women through workshops, seminars, conferences, training and capacity building programmers, etc. As an All-India Organisation for women, FLO has 17 Chapters pan India – Ahmedabad, Bangalore, Bhubaneswar, Chennai, Coimbatore, Hyderabad, Indore, Jaipur, Kolkata, Lucknow, Kanpur, Ludhiana, Mumbai, Northeast, Pune, Amritsar, Northeast & Uttarakhand, with its Head Office in New Delhi. Its members comprise entrepreneurs, professionals, and Corporate Executives.