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Viewing cable 09DHAKA1114, BANGLADESH NOMINEES FOR PRESIDENT'S ENTREPRENEURSHIP

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Reference ID Created Released Classification Origin
09DHAKA1114 2009-12-15 08:19 2011-08-25 00:00 UNCLASSIFIED Embassy Dhaka
VZCZCXRO6254
PP RUEHAST RUEHBI RUEHCI RUEHDBU RUEHLH RUEHNEH RUEHPW
DE RUEHKA #1114/01 3490819
ZNR UUUUU ZZH
P 150819Z DEC 09
FM AMEMBASSY DHAKA
TO RUEHC/SECSTATE WASHDC PRIORITY 9767
INFO RUCNCLS/ALL SOUTH AND CENTRAL ASIA COLLECTIVE
UNCLAS SECTION 01 OF 02 DHAKA 001114 
 
SIPDIS 
 
DEPT FOR S/P - GBEHRMAN, SCA/INSB 
 
E.O. 12958: N/A 
TAGS: ECON EAID PREL SOCI BG
SUBJECT:  BANGLADESH NOMINEES FOR PRESIDENT'S ENTREPRENEURSHIP 
SUMMIT 
 
REF: STATE 112468 
 
Introduction 
------------ 
1.  Mission Dhaka welcomes the opportunity to contribute to the 
President's Entrepreneurship Initiative.  Post's Economic Working 
Group will continue to explore ways to highlight the 
entrepreneurship objectives outlined reftel.  The Ambassador 
discussed entrepreneurship with leading business representatives at 
a December 10 gathering outside of Dhaka as part of the Mission's 
annual "America Week," which takes the Embassy on the road to rural 
Bangladesh.  Mission Dhaka will identify additional opportunities to 
engage up-and-coming businessmen and women, including through 
roundtables. 
 
SUMMIT NOMINEES 
--------------- 
 
2.  Bangladesh's business community is already buzzing about the 
President's Entrepreneurship Summit.  Bangladesh is home to many 
dynamic entrepreneurs, particularly social entrepreneurs, and some 
have already made inquiries with Post about the summit.  Our top ten 
nominees are: 
 
--Muhammad Yunus, Nobel Peace Laureate and Managing Director, 
Grameen Bank.  Grameen Bank has transformed the lives of millions of 
poor women in Bangladesh through micro-credit.  Grameen currently 
has 8 million borrowers and has lent $8 billion since its inception 
in the 1980s.  The father of micro-credit, Professor Yunus has also 
pioneered the concept of social entrepreneurship.  In Bangladesh, 
Grameen has partnered with Danone to produce high-quality, low-cost 
yogurt that is distributed throughout Bangladesh and has become an 
important dietary supplement for many rural Bangladeshis.  Grameen 
is developing other social enterprises with multi-nationals, 
including Adidas. 
 
--Annisul Huq, President, Federation of Bangladesh Chambers of 
Commerce and Industry (FBCCI).  As Bangladesh's top business 
advocate, Huq has worked tirelessly to represent entrepreneurs and 
investors and to urge the Government of Bangladesh (GOB) to create a 
more credible and transparent business environment.  Huq was 
recently elected president of South Asia's regional business 
chamber, the South Asian Association for Regional Cooperation 
(SAARC) Chamber of Commerce and Industry.  Huq played an important 
role in advising the GOB on its new public-private partnership 
initiative, which aims to leverage private investment for 
desperately-needed infrastructure in Bangladesh. 
 
--Ifty Islam, Managing Partner, Asian Tiger Capital.  Building on 
his work with Citigroup, Deutsche Bank and Merrill Lynch, 
Oxford-educated Islam returned to Dhaka to leverage his 
international connections with a view to attracting investment to 
Bangladesh.  Islam helped develop the public-private partnership 
initiative unveiled by the GOB earlier this year.  Islam has also 
acted as a catalyst for developing a Brand Bangladesh. 
 
--Tamara Abed, Director, Aarong.  Aarong is a social enterprise that 
employs the micro-credit beneficiaries, mostly women, of one of 
Bangladesh's leading NGOs, BRAC.  Some 62,000 artisans produce 
Aarong's many lines of Bangladesh handicrafts, including clothing, 
textiles, housewares, jewelry, pottery, woodwork and brassware. 
Abed's branding of Aarong has made it the premier department store 
of Bangladesh and the one-stop shop for tourists in search of 
Bangladeshi handicrafts. 
--Kamal Quadir, CEO, CellBazaar.  As CellBazaar's founder, Quadir 
created a cellphone-based electronic marketplace that brings 
together isolated buyers and sellers, eliminating the 
often-exploitative middleman.  CellBazaar enables entrepreneurs and 
small businesses in Bangladesh to start and grow operations in a 
market that wouldn't otherwise be available in their local 
community, thereby creating jobs, stimulating the economy, and 
delivering products and services that improve the lives of millions 
of poor people.  The CellBazaar marketplace is available to more 
than 25 million people in Bangladesh, including farmers who use the 
service to sell their harvest at fair market prices and struggling 
students who find and connect with tutors.  Quadir was recognized by 
the 2009 World Economic Forum in Davos as a Young Global Leader. 
-- Syed Nasim Manzur, Managing Director, Apex Adelchi Footwear 
Limited.  Apex is the largest footwear manufacturer and exporter in 
Bangladesh.  Educated at the Wharton School of Business, Nasim is 
translating Bangladesh's success in the apparel industry to the 
leather/footwear manufacturing sector.  Manzur was named one of the 
200 emerging Asian leaders by the Asia Society's 2009 Asia 21 Young 
Leaders Summit.  Nasim's Apex Group is also involved in the retail, 
pharmaceutical, advertising and insurance sectors.  He is active in 
the Society for Promotion of Bangladesh Art and literacy programs. 
 
--Kohinoor Yasmin, Executive Director, TARANGO.  TARANGO (Training 
Assistance and Rural Advancement Non-Governmental Organization) is a 
social enterprise that employs some 12,000 impoverished, mostly 
 
DHAKA 00001114  002 OF 002 
 
 
rural, women to produce handbags, cosmetic bags, storage baskets, 
housewares and other accessories out of natural fibers and recycled 
materials.  Started in 1989 by a German priest, TARANGO is now 
wholly-owned and run by Bangladeshi women.  TARANGO produces goods 
for many top European brands, including Marks and Spencer, Pepe 
Jeans and the Body Shop. 
 
--A.K.M. Fahim Mashroor, CEO, BDJOBS Ltd. Fahim founded Bangladesh's 
first web-based career management company, BDJOBS, in 2000.  Since 
its inception, BDJOBS has recruited more than 100,000 professionals 
for more than 4,000 employers.  Fahim plays a leading role in D.Net, 
a non-profit organization that seeks to promote information and 
communication technology (ICT) literacy and the use of ICT in 
Bangladesh's economic development.  Fahim is also a leader in the 
Bangladesh Association of Software and Information Services (BASIS), 
Bangladesh's main association of information technology (IT) 
companies. 
 
--Manjulika Chakma, owner, Bain Textile.  Starting with less than $5 
in capital, Manjulika created a market for the handloom crafts of 
the Chakma ethnic group, a minority group originally from the 
Chittagong Hill Tracts.  Bangladesh media and business groups have 
recognized her for pioneering work that preserves traditional 
handloom fabrics and fashions and creates jobs for some of 
Bangladesh's most underprivileged women.  Manjulika works for women 
in small enterprise through her leadership in the Chittagong Women's 
Chamber of Commerce and Industry. 
 
--Aftab ul-Islam, President, American Chamber of Commerce 
Bangladesh; Chairman, Bangladesh SME Foundation; and CEO, 
International Office Equipment (IOE).  After representing U.S. firm 
NCR in Bangladesh, Aftab started his own IT-related business, IOE. 
A lawyer and accountant, Aftab is a fervent advocate of business, 
particularly small and medium enterprises (SMEs).  He is a strong 
supporter of Prime Minister Sheikh Hasina's efforts to create a 
Digital Bangladesh.  Aftab is a member of the United Nations' Global 
Alliance for ICT and Development. 
 
EMBASSY POC 
----------- 
 
3.  Mission Dhaka's point of contact for the Entrepreneurship 
Initiative and Post's Economic Working Group is Deputy Pol/Econ 
Chief Heather Variava, who may be reached at VariavaHC@state.gov. 
Mission Dhaka looks forward to receiving more details about the 
Entrepreneurship Summit, including dates and possibilities for 
funding. 
 
MORIARTY