• Saturday, Nov 28, 2020
  • Last Update : 02:47 am

Digital trade week concludes amid massive response

  • Published at 06:20 pm October 22nd, 2020
Digital trade week concludes amid massive response
Approximately 15,000 industry partners visited Merchant Bay, while more than 400 suppliers expressed interest in business aspects offered by Merchant Bay in the digital space Courtesy

At the trade week, buyers gathered information about the products, pricing and other issues of the suppliers in Bangladesh

The first ever Digital Trade Week 2020 organized by Merchant Bay received overwhelming response from the industry partners, as it was the first such initiative for the local readymade garment (RMG) sector. 

Approximately 15,000 industry partners visited Merchant Bay, while more than 400 suppliers expressed interest in business aspects offered by Merchant Bay in the digital space, among them 150 registered in the platform, said a press release.

At the trade week, buyers gathered information about the products, pricing and other issues of the suppliers in Bangladesh.

The first panel discussion of the trade week, titled "Digital Trade in Global Perspectives", featured Mena Hassan of the World Trade Organization and Dr. Masrur Reaz from Policy Exchange of Bangladesh, who discussed the various aspects of digital trade from the policy point of view.

On the third day, JCI Bangladesh organized three webinars of Leadership Conclave.

On the first webinar, how entrepreneurs are transforming themselves through digital transformation was discussed. Through the discussion, the possibilities of digital transformation in South Asia and Bangladesh came up and topics related with challenges were discussed. Renowned entrepreneurs from Bangladesh and around the world also took part in this webinar.

In the second webinar, the entrepreneurs expressed their views on staying ahead in adverse conditions during the period of Covid19. This webinar showed a guideline on how a business can survive during such crisis situations and how to stay successful.

In the last webinar of the third day, three investors discussed about start-up funding. This session was very important for the young entrepreneurs of Bangladesh. The panelists said that, in order to get investment in a start-up, an entrepreneur must clearly know the indicators, accounts and documentation must be transparent and there must be clear statement and data on why funding is needed.

On the fifth day, young entrepreneurs in the garment sector of Bangladesh expressed their opinion on innovation. They believe that through cooperation, it is possible to popularize eco-friendly and efficiency friendly innovation in the garment industry of Bangladesh at lower cost.

Abrar Hossain Sayem, managing director of Merchant Bay, said: “This is the first time in the country that Merchant Bay has organized such an event to take forward the garment and related sectors of Bangladesh. We hope that the support of industry partners, journalists, associations and policy makers will continue in the future.”

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