New Delhi, September 26, 2017: Walmart India, the wholly owned subsidiary of Walmart Stores Inc., today announced the launch of the Second Edition of the Women Entrepreneurship Development Program (WEDP). The program aims to enhance the participants’ skills and capability to be able to build robust and sustainable businesses.
The program will be implemented by WEConnect International in partnership with TTC Global and Amity University with funding from Walmart. During the program, the WOBs will undergo capacity building training, mentoring and technical support customized to the needs of their businesses. These training modules will cover all key areas for better understanding of and running a business – marketing, finance, business strategy, operations, legal and compliance, social networking, among others.
The WOBs would be in different product categories located in Andhra Pradesh, Delhi NCR, Mahashtra, Telangana and Uttar Pradesh.
Announcing the launch, Krish Iyer, president & CEO, Walmart India, said, "I am extremely delighted to announce the second edition of the Women Entrepreneurship Development Program soon after the successful graduation of the participants of the first edition. We have ramped up the program and doubled the number. The program is designed to help women entrepreneurs achieve higher levels of business growth and help make them more competitive and resilient in today’s dynamic business environment. For India’s growth story to translate into shared prosperity for all of its people, we need to lay down a strong foundation to make the eco-system more inclusive We are moving the needle by doing our part through diversity in the supply chain to help create a pipeline of women suppliers for the industry as well as for Walmart India, as we continue to grow in the country.”
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 its 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 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 late 2016, Walmart continues to work toward the international goal to double sourcing from WOBs in other markets.
Jenny Grieser, Senior Director of Women’s Economic Empowerment for Walmart, said, "We are thrilled to be able to roll out the second edition of the WEDP program as it strengthens our commitment to economically empower women. Empowering women is the right thing to do for the community and it also makes good business sense."
WEConnect International is leading the overall coordination and conceptualization of the training program, as well as selecting and assessing the needs of the participants. Amity University is customizing the training curriculum as per requirements in addition to training the participants. As a knowledge partner, TTC Global is responsible for identification and selection of high potential WOBs.
Parul Soni, Country Director, WEConnect International in India, said, “WEConnect International believes in a world in which women have the same opportunity as their male counterparts to design and implement business solutions that create wealth and ensure the sustainable prosperity of their communities. The Women Entrepreneurship Development Program matches beautifully with our vision and we are excited to launch the second edition. We hope the curriculum will help us achieve this objective.”
During the program that lasts through July 2018, the women entrepreneurs will undergo a structured capacity building training, mentoring and technical support customized to the needs of their businesses and delivered through various formats, including classroom sessions, workshops, field trips, webinars etc. During the program, they will be taught a number of aspects of running a business and making it sustainable in addition to life skills, social media marketing, operations, replenishment, logistics, supply chain, product marketing, financial planning and resource management, negotiation skills, among others.
The first edition of WEDP was launched in April 2016. The program received hundreds of applications, from across India, of which 32 women entrepreneurs were selected. They underwent training in professional and soft skills to build robust businesses. Walmart India identified 11 of the WOBs as Walmart India suppliers as their products fitted the assortment, and the businesses met all other parameters to becoming a Walmart supplier.
Wal-Mart Stores, Inc. (NYSE: WMT) helps people around the world save money and live better - anytime and anywhere - in retail stores, online, and through their mobile devices. Each week, over 260 million customers and members visit our more than 11,600 stores under 59 banners in 28 countries and e-commerce websites in 11 countries. With fiscal year 2017 revenue of $485.9 billion, Walmart employs approximately 2.3 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com, on Facebook at http://facebook.com/walmart and on Twitter at http://twitter.com/walmart.
About Walmart India:
Wal-Mart India Private Limited is a wholly owned subsidiary of Walmart Stores Inc., the world’s leading retailer renowned for its efficiency and expertise in logistics, supply chain management and sourcing. Walmart India owns and operates 21 Best Price Modern Wholesale stores in 9 States across India with omni-channel shopping experience. The Best Price stores offer best prices with unmatched convenience, choice, quality and hygiene with the mission of "Enabling businesses to prosper...every single member". To enter and purchase from Best Price stores, it is mandatory to become a member. Members can belong to different business categories such as Resellers (‘Kirana Stores’); Offices and Institutions (O&I); and Hotels, Restaurants and Caterers (HoReCa). Additional information about Walmart India can be found by visiting http://www. wal-martindia.in and on Twitter at @walmartindia.
About WEConnect International in India
WEConnect International in India is supporting its Corporate Advisory member Walmart with it’s Women Economic Empowerment initiative- Women Entrepreneurship Development Program (WEDP). WEConnect International helps women-owned businesses succeed in global value chains. WEConnect International identifies, educates, registers, and certifies women's business enterprises based outside of the U.S. that are at least 51% owned, managed, and controlled by one or more women, and then connects them with multinational corporate buyers. Certified women are eligible to use the Certified Women-Owned Logo.We believe in a world in which women have the same opportunity as their male counterparts to design and implement business solutions that create wealth and ensure the sustainable prosperity of their communities.
Sunita Patnaik (9717171798 / Sunita.Patnaik@walmart.com)
Pankaj Tiwari (8447595982 / email@example.com)
Rashmi Rajput (9910023503 / firstname.lastname@example.org)