Mumbai, September 28, 2023. Procter & Gamble India (P&G India) partnered with WEConnect International to host the Women Entrepreneur Development Program (WEDP). Over 30 women entrepreneurs graduated from this two-day capacity development initiative. The program, led by P&G senior leaders, covered essential aspects of building sustainable businesses, including strategy, finance, and customer outreach.In addition to skill-building, the program opened doors for women entrepreneurs to explore business opportunities with P&G. P&G India has invested ₹400 Crore in women-owned and women-led businesses in the past two years, aligning with its commitment to supplier diversity, which began with the inaugural WEDP initiative in 2018.
LV Vaidyanathan, CEO, P&G India said, “We are delighted to conclude this edition of the Women Entrepreneur Development Program (WEDP). Through this initiative, we conceived a holistic capability platform which will help women entrepreneurs build their businesses sustainably. This initiative is in line with our global commitment to empower women-owned and women led businesses, which is an important aspect of our citizenship efforts. We believe, that empowering and enabling equal and inclusive business practices will not only stimulate economic growth, but also bring about a long-lasting social change.”
The training preceded P&G India's External Business Partner Summit, where the company unveiled the ₹300 Crore 'P&G Supply Chain Catalyst Fund.' This fund aims to collaborate with external partners and innovators to advance Supply 3.0, the modern supply chain ecosystem. It aligns with the Prime Minister's Gati Shakti initiative, enhancing goods and services movement through targeted interventions. The fund will support initiatives such as supply chain optimization, digitization, capacity enhancement, and sustainability, further strengthening P&G's supply chain capabilities.The fund is part of P&G India's 'vGROW' program, which seeks to collaborate with startups, small businesses, individuals, and large organizations offering innovative business solutions. These partnerships will enhance consumer experiences and drive positive disruption.
