business-india-news

LGBTs have high income, says business forum

Prague, Aug 17 : The lesbian, gay, bisexual and transgender (LGBT) community is rich and has a high disposable income that makes it attractive in times of recession, according to a business forum held here.


The third edition of the Prague Pride Business Forum discussed several issues, ranging from corporate responsibility to how to maintain a safe and diverse workplace, Xinhua reports said.

The forum held Thursday discussed diversity in business, niche markets and the so-called "pink dollar", which describes the purchasing power of the LGBT community.

Experts from a range of countries, including the US, Britain, the Netherlands, the Czech Republic spoke at the meeting.

The experts said research shows that the LGBT community is rich and has a high disposable income.

This makes the LGBT community particularly attractive in times of recession, they said.

However, there has not been many local companies showing their interest in the LGBT community, but experts hope that will improve in the future.

The experts also spoke on corporate responsibility and how to maintain a safe and diverse workplace.

Armin Borries, the openly-gay chief executive officer of Clearstream Czech Republic, spoke on the importance of tolerance, openness and fairness, but also on the right to privacy.

Borries said the main focus should be on work. If a worker is doing his or her job correctly, nothing else should come into consideration.

The host, Merryn Johns, stressed that the world was moving beyond thinking of corporate responsibility as a cost, but rather where emphasis on diversity can be used as a way of enhancing profit.

--IANS (Posted on 17-08-2013)

business-india-news headlines

Pay outstanding salaries to pilots: High Court to Kingfisher

India's forex reserves rise to $309.44 bn

Reliance Industries sees net profit of Rs.21,984 crore in 2013-14

Wipro Q4 profit rises by 29 percent, beats analyst estimates

Trade, commerce to drive India-US ties: Narendra Modi

PepsiCo launches free talk time offer

TCS, Twitter launch app to track Indian Elections

India's software market grew at 10pc in 2013: Research

Anand Mahindra, Banmali Agrawala, Ellen Lord named USIBC directors

Sigvaris appoints NovoMed as distributor in India

AGP launches talent division

Hotel Sahara Star honoured with award

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014

Comments

Your e-mail:


Your Full Name:


Type verification image:
verification image, type it in the box

Message:

Back to Top