FGV Launches Program to Empower 300 Local Vendors
Kuala Lumpur, August 5, 2024 – FGV Holdings Berhad (FGV) has launched the FGV Vendor Development Program (VDP) to enhance local economic growth and support 300 Malaysian vendors. The initiative was officially inaugurated by FGV Chairman Tan Sri Rastam Mohd Isa during the Hari Peneroka FELDA 2024 at Malaysia Agro Exposition Park (MAEPS), Serdang.
The VDP aligns with FGV’s Sustainability Framework, focusing on elevating vendor capabilities across its five business divisions: Plantation, Oils and Fats, Consumer Products and Integrated Farming, Logistics and Support, and Sugar. The program is designed to boost the competitiveness of local vendors by providing them with structured training and professional development opportunities.
“In support of Malaysia’s national agenda, we are looking to assist our vendors to become more competitive in the local and global markets. Through our vendor development initiatives, we are creating a dynamic and resilient vendor ecosystem that will drive efficiency, reduce costs, and improve overall quality and delivery times,” says Dato’ Nazrul Mansor, Group Chief Executive Officer of FGV.
FGV aims to empower young entrepreneurs and improve commercial capabilities by offering six months of skilling modules followed by three months of professional development. This training, in collaboration with government and private agencies, will help vendors manage modern agricultural and industrial demands.
The VDP’s scope includes services such as palm oil harvesting, infrastructure construction, and supply chain support, thus fostering entrepreneurship and job creation, especially in less developed regions. By investing in these local vendors, FGV is reinforcing its commitment to sustainable growth and contributing to Malaysia’s economic and social development.
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