Latest news with #IndianSmallBusiness&FranchiseAssociation
Fashion Network
7 hours ago
- Business
- Fashion Network
ISFA announces strategic partnership with Russia Franchise Federation
The Indian Small Business & Franchise Association (ISFA) has entered into a strategic partnership with the Russia Franchise Federation, formalised through a recent Memorandum of Understanding signed in Moscow. ISFA announced that the agreement marks a significant step in strengthening international collaboration in the franchising sector. The MoU aims to promote entrepreneurship and the growth of small and medium enterprises in both India and Russia, ISFA announced in a press release. The partnership sets out a joint framework for cooperation, including information exchange, regular dialogue, and joint initiatives to support existing and aspiring entrepreneurs. It also aims to co-develop programmes that encourage franchise development and create an enabling environment for the global expansion of Indian and Russian brands. 'Franchising is no longer just a business model- it's a global language of entrepreneurship,' said ISFA chairman Gaurav Marya in a press release. 'This partnership between ISFA and the Russia Franchise Federation is a progressive step toward building an inclusive and borderless franchise ecosystem.' The collaboration will include co-hosted training programmes, exhibitions, and forums, along with cross-platform promotion of franchise content. Both organisations will also work to identify new business and government partners and encourage participation in global entrepreneurial events. The initiative is expected to deepen India-Russia business ties and expand the international reach of their franchise networks through coordinated, long-term efforts.
Fashion Network
26-05-2025
- Business
- Fashion Network
ISFA and VFLN announce strategic MoU to strengthen franchise and MSME operations in India and Vietnam
The Indian Small Business & Franchise Association (ISFA) and the Vietnam Franchising & Licensing Network (VFLN) have signed a strategic Memorandum of Understanding to advance franchise development and support Micro, Small, and Medium Enterprises in both countries. Signed by ISFA chairman Gaurav Marya and VFLN chairwoman Nguyen Phi Van, the MoU marks the beginning of a cross-border collaboration aimed at enhancing bilateral trade, encouraging innovation, and enabling entrepreneurs to explore new markets in India and Vietnam, the organisations announced in a press release. The partnership outlines key areas of cooperation including franchise development tailored for MSMEs, joint training programmes, improved market access, and information exchange. Curated networking initiatives and business forums are also planned to support brand expansion and value creation through collaboration. 'This collaboration with VFLN reflects our mission to globalise Indian MSMEs through meaningful partnerships," said Gaurav Marya in a press release. "Vietnam is an emerging and dynamic market, and this MoU is a stepping stone towards greater economic synergy between our nations." The five-year MoU excludes financial obligations, with both organisations independently bearing costs. It also ensures protection of intellectual property, maintaining respect for trademarks, logos, and proprietary content across all activities. 'Vietnam and India share strong business potential," said Nguyen Phi Van. "Through this MoU, we aim to create an ecosystem where brands, entrepreneurs, and small businesses can scale internationally with confidence."
