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Table of Contents Fifteen Innovative Business Ideas for Impact Stand out at Young Social Entrepreneurs Global 2023 Programme Northeast Distributors Association Resolves over INR 100 Crores in Unsettled Damages from FMCG Companies

Fifteen Innovative Business Ideas for Impact Stand out at Young Social Entrepreneurs Global 2023 Programme Tuesday 13 June 2023 08:56 AM UTC+00 Business Wire India Fifteen social enterprise teams will advance to the next phase of the Singapore International Foundation's (SIF) Young Social Entrepreneurs (YSE) Global 2023 programme. The teams were selected from an initial pool of 46 teams, comprising 79 participants of eight nationalities, who attended the YSE Global 2023 – Workshop. The 15 selected teams were from China, India, Indonesia, Laos, Malaysia, Singapore and Vietnam.   The YSE Global programme inspires, equips, and enables youth from around the globe to start or scale up their social enterprises in Singapore and beyond. Since 2010, the programme has nurtured a global alumni network of more than 1,400 changemakers, representing 43 nationalities and 674 social enterprises.   The workshop was held in Singapore from 7 to 10 June and comprised a series of training sessions, learning journeys and business clinics organised by the SIF. Participants learnt new skills to shape and strengthen their business models.   They attended sessions on storytelling, digital marketing, pitching, impact measurement and management. Through a series of interactive activities, they also networked with like-minded peers of different nationalities, gained deeper cross-cultural understanding, and made new friends.   The budding social entrepreneurs presented their business plans to a panel of judges on the final day of the workshop, and these were assessed based on their potential for significant social impact, promise of sustainability and scalability.   Their business ideas sought to contribute to the United Nations Sustainable Development Goals (UNSDG), such as addressing climate change, promoting inclusive and equitable quality education for all, and leveraging technology to empower underserved communities.   This year, more than a quarter of the solutions proposed by participating teams (28 per cent) contribute to UNSDG Goal 3 – Healthcare and Wellbeing. They include health-tech applications and platforms that provide improved healthcare accessibility to vulnerable groups, including low-income communities and mental health patients.   The teams selected to move to the final phase of YSE Global 2023 were announced at the closing ceremony of the workshop, which was attended by SIF Governor Ms Amalina Abdul Nasir. In her speech at the event, she noted a key goal of the SIF: to connect people from different cultures and inspire collaborations that will create a better world.   She said: "The SIF wants to pave the way for these young changemakers to turn their social business ideas to reality and, in turn, enrich lives. Through YSE Global, they have opportunities to learn from one another, collaborate, and build networks of social impact."   Over the next four months, the selected teams will be mentored by leading business consultants from McKinsey & Company, Temasek International, and established entrepreneurs relevant to their sectors. The teams will work with their mentors to sharpen their business acumen and broaden their cultural perspectives through a series of webinars and dialogues to expand their perspectives on social entrepreneurship through regional and local players in the social enterprise landscape.   The 15 teams will reconvene at the YSE Global 2023 – Pitching for Change event in November this year. They will then present their refined business plans for a chance to receive funding of up to S$20,000 each.   The selected participants are looking forward to the next chapter of their YSE journey. One of them was Mr Pranav Gupta, Co-founder of India Recycles. The social enterprise aims to build a circular economy, promote sustainable living through recycling fabric waste, and uplift the lives of marginalised women who work as informal labourers in slums. Its brand, Revibe, hires these women to craft products from fabric waste – thus providing them with livelihoods and skills development while honouring their dignity and employment choices.   He said that he enjoyed meeting like-minded peers from around the region, who are equally passionate about creating sustainable social change in their communities. He added: "Having spent time learning from each other has been a great source of inspiration and motivation."   Follow the SIF on Instagram, Facebook and LinkedIn for latest updates on the programme.

Northeast Distributors Association Resolves over INR 100 Crores in Unsettled Damages from FMCG Companies Tuesday 13 June 2023 11:00 AM UTC+00 Business Wire India Founded with a mission to foster a supportive and beneficial environment for its members, the Northeast Distributors Association (NEDA) has evolved into an indomitable force within the FMCG industry. Since 1997, NEDA's testament to their commitment is the impressive resolution of over INR 100 Crores in unsettled damages from FMCG companies to distributors. Achieved through determined efforts and astute planning, this milestone epitomizes NEDA's dedication to the security and development of its members who are distributors of FMCG companies. Guiding these endeavours is a formidable leadership team, helmed  Dr. Vijay Kumar Gupta, President of NEDA, Mr. Poonam Kumar Taneja, General Secretary of NEDA and Shri Pradip Kr. Das working President of NEDA. Accompanying them are Mr. Prakash Gupta, Chairman Grievance of NEDA and a dedicated team of 125 NEDA Executive delegates. Together, they have successfully championed the rights of their members, navigating the complex landscape of the FMCG industry, and setting new benchmarks for collective growth and success.   In 2022, Northeast Distributors Association (NEDA) marked its 25th anniversary with a grand celebration during its 20th Annual General Meeting in Sonapur, Guwahati, Assam. This commemorative occasion was a significant milestone in NEDA's journey, made even more special by the presence of distinguished guests from the All India Consumer Products Distributors' Federation (AICPDF). Among the notable attendees were Mr. Dhairyashil Patil, the AICPDF President from Maharashtra, Dr. P.M. Ganeshraam, the Chief Patron from Tamil Nadu, Mr. J.K. Vaishnav, the General Secretary from Rajasthan, and Mr. Chetan Kapdi, the Secretary of Company Affairs from Goa. This assembly also included distinguished FMCG distribution delegates from across 27 states, adding further prestige to the event. This landmark meeting of the NEDA held in Assam was a true testament to the robust evolution and growth of the association. By hosting delegates and dignitaries from across the country, Assam demonstrated its influential position in the FMCG distribution network. This significant gathering was not only a matter of pride for Assam, showcasing its ability to facilitate such an important event, but it also signified its integral role in this rapidly expanding industry.   Recently the 2nd Executive Meeting held at Guwahati Assam marked a significant milestone for the Northeast Distributors Association (NEDA). The event boasted a record attendance of over 60 members across various states and districts from Northeast India essentially Guwahati, Tezpur, Hojai, Nowgaon, Meghalaya, Golaghat, Shivsagar, Bongaigaon, Nalbari, Dimapur, Dhubri, Imphal, Silchar, Tinsukia, B Charali, Badarputi, and Kokrajhar, indicative of the increasing influence and reach of the organization. A highlight of the meeting was a thought-provoking discussion led by Mr. Taneja. He underscored the dangers of FMCG companies prioritizing financial strength over professional experience when choosing distributors. Emphasizing that distributor know-how often outweighs capital, he urged for a balanced consideration of both these factors for healthier, more effective distribution networks. The meeting also honoured Mr. Prakash Gupta, NEDA's Grievance Chief, for his outstanding role in resolving disputes between distributors and FMCG companies. His continuous service plays a pivotal role in sustaining a harmonious industry environment, proving him an invaluable member of the association. An additional thrill to the meeting was the virtual presence of Mr. Dhairyashil Patil, President of the All India Consumer Products Distributors' Federation. Known for his enthusiasm and passion for the FMCG sector, Mr. Patil imparted crucial industry insights to the NEDA members. Notably, he shared key information about the amicable solution to the inconsistent trade rates between e-commerce giants and traditional distributors for FMCG products.   Dr. Vijay Kumar Gupta, NEDA's President, intertwined philosophical wisdom with practical advice. He urged members to undertake a SWOT analysis, focusing on individual will power to fuel the association's growth. He emphasized the association's vision to overcome challenges and elevate the FMCG distribution industry to newer heights.   NEDA's strategic plan outlines the key objectives of membership expansion, fostering networking opportunities, encouraging fellowship activities, and promoting profitable growth for both distributors and FMCG companies. This proactive approach is designed to enhance the association's collective resources, provide supportive environments, build a resilient organization, and support members in their pursuit of success and growth. NEDA's unwavering commitment to its members and its bold, strategic vision promises a more robust, collaborative, and successful FMCG distribution industry in the northeast region of India.

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