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FICCI FLO signs MoU with IIM Shillong

 GUWAHATI, Nov 21 - The Federation of Indian Chambers of Commerce and Industry (FICCI) Ladies Organisation (FLO) has signed a memorandum of understanding (MoU) with Incubation and Enterprise Support Centre (IESC), Indian Institute of Management (IIM) Shillong to support and help women entrepreneurs of the Northeast by providing resources, guidance and know-how to start a business.

 “True women empowerment can only be achieved by making women economically independent,” said Chairman, Board of Governors, IIM Shillong Shishir Kumar Bajoria on signing the MoU with FICCI FLO.

The MoU aims to provide guidance and mentor budding entrepreneurs by facilitating a nurturing, instructive and supportive environment during the initial and critical stages of starting a business, thus enabling them to reduce the initial start-up costs and establish themselves in a shorter time frame, stated a press release.

“Atmanirbhar Mahila is the most important component towards achieving Prime Minister Narendra Modi’s goal of Atmanirbhar Bharat. IIM Shillong is indeed privileged to reach this MoU with FICCI FLO because it would not only provide us an opportunity to serve the Northeast,” Bajoria added.

Jahnabi Phookan, president of FICCI FLO said, “Through our national incubation cell we wish to build a sustainable ecosystem within FLO in order to identify potential start-ups, women entrepreneurs and provide them with the necessary guidance and support. This would enable us to create a self-relying entrepreneurial ecosystem for women that empowers them, makes them self-sufficient and helps them become job creators and not mere job seekers.”

“We want to create an ecosystem of goods and services which will continue to be in demand across communities in the future. Our aim is to work towards sustainable goals which are profitable for people, society as well as the planet,” she added.

Director, IIM Shillong DP Goyal said, “Our mission is to generate and disseminate knowledge in all aspects of management education for sustainable development and to develop innovative leaders with strong ethical values.”

Member, Board of Governors, IIM Shillong, Atul Kulkarni said, “We will make sure that our students will get exposure through this initiative. This will help generate enough resources in terms of human capital and thought leadership which the incubation cell would require in the future.”

Chairperson, IESC, IIM Shillong Sanjeeb Kakoty laid emphasis on the importance of women entrepreneurs especially in the Northeast by saying, “An interesting fact about entrepreneurship in the Northeast is that it has essentially been women-led. Like in the weaving sector, almost 98 percent of all weavers in the region are women. Therefore, if transformation has to occur in the Northeast, it has to be led by women.”

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