The Department of Trade and Industry-Negros Occidental hosted a trade fair seminar yesterday with about 20 representatives of micro, small, and medium enterprises that will participate in the Panaad Festival on April 15-22.
DTI is training the Technology and Livelihood Development Center-assisted firms in preparation for the festival and also to equip MSMEs for joining regional and even national trade fairs in the future, Rachel Nufable, Chief Trade and Industry Development Specialist, said.
Nufable said DTI wants to enhance the entrepreneurial competencies of the MSMEs and for them to know what they need to prepare when joining trade fairs and for selling their products.
There are food processing and bamboo crafting companies from Kabankalan City, Talisay City, Murcia and La Carlota.
Some of the firms are supported by the DTI Bottom Up Budgeting program of the LGUs, others are existing companies that are already displaying their products in the TLDC showroom. They will display their products in the LGU pavilions during Panaad, she said.
The seminar discussed know-hows in trade fair exhibitions, from the preparation of materials to the onsite management of the display, establishing connections with potential buyers, pricing and more, she added.
Nufable said the seminar also stressed the importance of registering a business name in DTI apart from enlisting a business in the LGU.
Meanwhile, DTI Neg. Occ. will conduct another financing forum on April 21 together with partner Bank of Makati, Inc. that hosts a business financing program. DTI conducted the same forum recently in March.
Financing forum provides as opportunity for MSMEs to acquire additional capital to augment their participation in fairs and increase their operations, she added.
Nufable hopes to conduct another set of trade fair training and financial forum before Panaad Festival starts.*KBC
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