A leading U.S. aid agency and nonprofit business advocacy group on Friday announced a public-private partnership to advance women’s economic empowerment in India.
” I am here to announce today the launch of the United States Alliance for India for the Economic Empowerment of Women, along with the United States, the Indian Partnership and Strategy Forum (USISPF) and the ‘George Washington University (GWU),’ ‘Samantha Power, administrator of the United States Agency for International Development (USAID), told a virtual audience at the fourth annual USISPF Leadership Summit.
The partnership aims to bring together American investors in Indian businesses, philanthropists, academic institutions and civil society.
The goal is to support women entrepreneurs, provide better access to employment, build careers, as well as mentoring, said Power, participating in USAID’s discussion with the former US Ambassador. United in India, Richard Verma.
The US administration led by President Joe Biden is pursuing a comprehensive plan to promote the economic empowerment of women, help end gender-based violence and tackle other inequalities, she said.
USISPF President Mukesh Aghi Aghi will co-chair the alliance with Deputy Secretary of State for South and Central Asian Affairs Don Lu, Senior Global Women’s Affairs Bureau Katrina Fotovat and Administrator USAID Assistant for Asia, Karen Freeman.
Speaking at the virtual event, Aghi said, “As we celebrate India at 75, USISPF has taken a close look at what more we can do to truly achieve inclusive prosperity in India.” . Noting India’s demographic landscape, he said greater inclusion of women in the economy will be crucial to advance India’s economic growth.
He pointed out that the projects of the International Monetary Fund increase gender parity in the economy, allowing it to aim for double-digit growth in gross domestic product.
Earlier this year, USAID and USISPF launched the South Asian Women and Energy Effort, an initiative to increase the presence of women in the sector. A key study by the Food and Agriculture Organization of the United Nations recently said that if women farmers had the same access to resources as their male counterparts, the number of hungry people in the world could drop from 100 to 150. million people, Power said, explaining the need for gender. equality in the economy.
So this alliance has been in the works for quite some time, long before I got on board and entered the Biden administration. Launching the alliance is the first step, ” she said.
Power announced the first two initiatives of the Women @ Work alliance and the India Million Women Mentors Initiative.
Women @ Work will develop a coalition of businesses, philanthropic organizations and other stakeholders to meet the needs of economically marginalized women affected by the pandemic.
Women @ Work promotes access to finance and business digitization, accelerates women’s empowerment through supplier diversity, helps develop the care economy and helps women business leaders transition into the informal economy to become officially registered. Aspects of Women @ Work are supported by the USAID-funded REVIVE Alliance platform.
The India Million Women Mentors Initiative aims to connect 1 million women and girls in India with mentors over the next five years.
(This story was not edited by Devdiscourse staff and is auto-generated from a syndicated feed.)