Fresh rasagullas made by a woman from rural Rajasthan, on the shelves of Walmart's retail outlets outside India? Well, this may soon become reality, since Bharti Walmart, the joint venture (JV) between Bharti Enterprises and Walmart Stores Inc, is creating opportunities for women entrepreneurs in India to go global.
The two JV partners have undertaken an empowerment initiative for Indian women entrepreneurs, having set a target of impacting the lives of 25,000 women by 2016. They have also said they will substantially increase sourcing from women-owned businesses in India.
"We started this initiative early this year and so far it has been a rewarding experience," said Arti Singh, senior vice president corporate affairs, Bharti Walmart, adding that the company not only sources products from these entrepreneurs, but also provides mentorship in factories, financial donations and training at its training centres.
"So far 11,000 people have been trained, of which 30 per cent are women, and already more than 2,000 women have been made job-ready in three years through these centres," she said.
The initiative offers sustainable employment opportunities to women, particularly from the economically weaker sections, to help them acquire economic stability, improve their living standards and foster inclusive growth, she added.
Today, challenges faced by these entrepreneurs during the development stages include setting up, scaling up and supply chain management. Bharti Walmart is creating platforms for collaboration, based on Walmart's supplier network, to address these challenges.
For instance, the Cashew Value Chain Initiative is a project that aims to create sustainable job opportunities for women in cashew farming and processing in the tsunami-hit districts of Cuddalore and Nagapattinam in Tamil Nadu. The initiative helped in setting up three women-owned-and-managed cashew processing units and 15