COSMI and FEMpower to support women entrepreneurs | Sunday Observer

COSMI and FEMpower to support women entrepreneurs

4 October, 2020
President, Sri Lanka’s Confederation of Micro, Small and Medium Industries (COSMI), Nawaz Rajabdeen and  Founder of FEMpower Chamari Gunawardana exchange the MoUs.
President, Sri Lanka’s Confederation of Micro, Small and Medium Industries (COSMI), Nawaz Rajabdeen and Founder of FEMpower Chamari Gunawardana exchange the MoUs.

An MSME support Chamber and a Women Entrepreneur Network signed an agreement to help Micro Small and Medium Enterprises, in Colombo last week.

“The FEMpower Women Entrepreneurs Network plays a commendable role in supporting Sri Lankan women entrepreneurs,” said the President of Sri Lanka’s Confederation of Micro, Small and Medium Industries (COSMI), Nawaz Rajabdeen.

“COSMI is pleased to join them to support Sri Lankan women to achieve their entrepreneurial goals. This collaboration will open the door for women entrepreneurs to acquire knowledge and knowhow,” he said.

COSMI and FEMpower signed an MoU to provide knowledge, skills, information and links to women entrepreneurs in Sri Lanka.

At the same event, FEMpower founder Chamari Gunawardana also joined the COSMI Board creating a closer alliance to serve Sri Lankan women entrepreneurs.

“A quarter of all registered Sri Lankan MSMEs are women-owned. Women-owned micro enterprises alone are around 246,000, that is 26.3% of all registered MSMEs. Today’s MoU would create a host of benefits and opportunities for them starting from supporting the members of FEMpower network, which is over 2,500,” said Rajabdeen. FEMpower founder Gunawardana said, “As a female entrepreneur, there is an opportunity to connect with other women in business.

Women are escaping from their corporate jobs to go out on their own, stay-at-home mothers are looking for ways to make money and in general, women seem to be very attracted to entrepreneurship.

“There are more women-owned businesses in Sri Lanka today than 20 years ago. Linking up this way also stimulates creativity and innovative thinking through interaction with a community of entrepreneurs with diverse business backgrounds,” she said.

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