- Neha Rai
The three-day congregation of entrepreneurs from different parts of the world at the Global Entrepreneurship Summit (GES) came to an end in Hyderabad on Friday.
When Women Win, We All Win: Promoting Inclusive Environments for Women Entrepreneurs
The closing plenary session was moderated by NITI Aayog CEO Amitabh Kant.
The panellists were Mark Green, United States Agency for International Development (USAID) Administrator; Dipali Goenka, CEO & Joint Managing Director of Welspun India; Kristina Davison, Co-Founder & Managing Partner of Europe Capital LLC; Lerato Motsamai, PETROLINK Founder & CEO; and Manish Sabharwal, Chairman, TeamLease.
”This is the time for women entrepreneurs. When they rise, we all rise,” says Mr Green.
Ms Motsamai says, ”Women don’t build businesses, they build nations.” Many of the women are not seen as a role model because of the community they come from, she points out while highlighting the role of culture in nourishing women entrepreneurship.
Ms Davison says women should be encouraged not because they are women but because they have a great idea.
Mr Sabharwal says India has a wages problem. People do not get the wages they expect. ”About half of India is self-employed. This is actually self-exploitation. What we need to give thrust to human capital. We have to formalise our labour force. This increases the participation of women in labour. Formalise, urbanise, industrialise and human capital.”
Ms Goenka narrates how the girls in Welspun have inspired other girl children to go to school. India will be a very different country if the gender gap in the workplace is filled.
A Bond for betterment of maternal health
The USAID has launched a health-impact bond to reduce maternal and neonatal deaths in Rajasthan by improving the quality of services at private healthcare facilities. Mr Green says it is a public-private partnership and size of the bond will be a minimum of $2.25 million.