Hyderabad, 23 April 2018 - Walmart India, the wholly owned subsidiary of Walmart Inc., today announced the culmination of the second edition of Walmart’s Women Entrepreneurship Development Program (WEDP 2.0). Sixty-one women-owned businesses (WOBs) graduated from the program in the presence of government officials, the civil society, academia, start-ups and women entrepreneurs. Supported by Walmart, WEDP 2.0 was announced in September 2017 with WEConnect International, Thinkthrough Consulting and Amity University as implementation and training partners respectively.
With the aim to enhance the participants’ skills and capabilities to be able to build robust and sustainable businesses, WEDP included capacity building training and mentoring through a combination of classroom training, field visits and subject matter experts. The training modules covered key areas for running a business – marketing, finance, business strategy, operations, legal and compliance, and social networking, among others. The WOBs manage businesses of different product categories and are located in Andhra Pradesh, Delhi NCR, Maharashtra, Telangana and Uttar Pradesh.
On the occasion, Krish Iyer, president and CEO, Walmart India, said, “I am delighted to see the participants of the second edition of WEDP graduating today. I congratulate all of them and wish them success in their entrepreneurial journey. WEDP has grown over the past two years and has become our flagship program with a vision of ushering in an inclusive eco-system for women’s entrepreneurs. With each passing year, we aim to further strengthen this vision by continuing to support more WOBs by bringing them into the supply chain and creating a pipeline of diverse suppliers for the industry as a whole through training. It is my privilege to announce that we will we soon launch the third edition of WEDP.”
The participants of the program were selected after a rigorous, due diligence process. They underwent training in professional and personal skills required for building and running a sustainable and successful enterprise.
Jenny Grieser, Senior Director, Women’s Economic Empowerment, Walmart, said, “I am delighted to see the completion of second edition of the WEDP program. It is a significant milestone for us as we continue to strengthen our focus on increasing diversity in the global supply chain. The success in India is a result of the efforts of several stakeholders to help build capacity and success for these women entrepreneurs.”
Walmart has an ongoing commitment to empower women around the world and help WOBs succeed and grow. In September 2011, Walmart launched the Global Women’s Economic Empowerment (WEE) initiative, a five-year initiative to use the company’s unique size and scale to improve the lives of under-served women around the world. As part of the initiative, Walmart committed to source $20 billion from women-owned businesses for its U.S. business and double sourcing from WOBs internationally. While the company achieved the $20 billion sourcing goal for the U.S. in 2016, Walmart continues to work toward the international goal to double sourcing from WOBs in other markets.