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Company to source $30 million from women-led firms over the next three years.
February 27, 2018
By: Karen McIntyre
Procter & Gamble will source $30 million from female-owned businesses in India over the next three years, according to a report in the Economic Times. The initiatives to support women entrepreneurs builds on P&G’s commitment to promote greater gender equality in line with the United Nations’ sustainable developmnet goals. The company will partner with WEConnect India, a non-profit organization that connects women-owned businesses to qualified buyers to develop capabilities among women entrepreneurs through training and workshops. “By committing a percentage of our spending to women-owned buisnesses, we are not only doing the right thing for the company, but we are being socially responsible. The impact of our spending with women-owned buisneses helps to stimulate economic growth in communities that are often overlooked,” says Al Rajwani, P&G India sub-continent managing director and CEO. P&G, in partnership wtih WEConnect, will also organize conferences across the country to address the issues facing women entrepreneurs and sicuss solutions and initiatives for tackling them.
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